News Portal: Inflation rises to 7.55% in May, highest since Jan 2012

Thursday, June 14, 2012, 12:00:21 (IST)

NEWS FLASH
India's headline inflation in May rose marginally to 7.55 per cent in May from 7.3 per cent in April, signaling that demand has slackened, and will likely intensify calls for the central bank to cut key interest rates. This is the highest since January this year. The Reserve Bank of India, which uses the Wholesale Price Index (WPI)-based inflation number to decide monetary policy, is scheduled to hold its mid-quarterly policy review next week.