Inflation soars to 10.16% in May
June 14, 2010
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