Inflation soars to 9.06%

Headline inflation in the country went up to 9.06% in May on the back of rising manufactured products and petrol prices.

New Delhi: Headline inflation in the country went up to 9.06 percent in May on the back of rising manufactured products and petrol prices, which is expected to prompt the Reserve Bank to go for another rate hike at its mid-quarterly policy review meeting later this week.

Inflation, as measured by the Wholesale Price Index (WPI), stood at 8.66 percent in April. It had stood at 10.48 percent in May, 2010.

Meanwhile, as per data released by the government Tuesday, overall inflation in March this year has been revised upward to 9.68 percent from the provisional 9.04 percent.

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