New Delhi, Sep 14: Headline inflation inched closer to the double-digit mark in August, rising to 9.78 per cent on the back of soaring prices of food and manufactured products, which may prompt the RBI to continue with its monetary tightening policy.
Overall inflation, as measured by the Wholesale Price Index (WPI), stood at 9.22 per cent in July. The rate of price rise stood at 8.87 per cent in August, 2010.
As per data released by the government today, the overall inflation figure for June this year has been revised upward to 9.51 per cent from the provisional estimate of 9.44 per cent.
From: http://ping.fm/ZwViv
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