WPI Inflation for June 2010 jumps to 10.55%

India’s Headline Inflation rate based on Wholesale Price index continued to rise at a high pace and rose to 10.55% in June from 10.16% a month earlier and -1.01% during the corresponding month of the previous year. This is mainly on account of a sharp rise in the prices of fuel products, especially petrol and diesel (Rs 3.5 per ltr and Rs 2 per ltr resp). It is expected that the full impact of the increase in fuel prices will be reflected in the July inflation number as this price hike came only in the last week of June. WPI Inflation for April’10 was revised from 9.59% to 11.23%, highest in the last 21 months.