June 14, 2011 2:48 PM

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Inflation rises to 9.06 per cent in May

Inflation rose to 9.06 per cent in May from 8.66 per cent of previous month. It was 10.48 percent in the corresponding period last year. Prices of manufactured products have shot up by 7.27 per cent on year to year basis. Inflation in the fuel and power segment, stood at 12.32 percent . Food articles became expensive by 8.37 per cent while prices of primary articles went up by 11.30 per cent on an annual basis. In its current monetary policy released last month, the Reserve Bank of India had said that continued high prices of global commodities, particularly of oil, will continue to drive the rate of price rise.It projected inflation to average 9 per cent for the first six months of 2011-12 before moderating to around 6 per cent by the year-end.

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