Inflation soars to 10.16% in May

India`s wholesale inflation rate accelerated to 10.16 percent in May from 9.59 percent in April, the government said Monday.

Updated: Jun 14, 2010, 12:01 PM IST

New Delhi: India`s wholesale inflation rate accelerated to 10.16 percent in May from 9.59 percent in April, the government said Monday.

The year-on-year rise in the wholesale price index, or WPI, was above the median 9.60 percent forecast in a Dow Jones Newswires poll of 15 economists.
The government also revised the inflation rate for March to 11.04 percent on year from 9.90 percent provisional.

The WPI, used as a measure of inflation, rose 1.7 percent to 258.1 from 253.7 in April.
The central bank estimates inflation to fall to 5.5 percent by the end of March 201

Bureau Report