INFLATION - 8.75%

Inflation for the week-ended May 31 is at 8.75% versus 8.24%.

Inflation for the week-ended April 5 has been revised to 7.71% versus 7.14% earlier. The Wholesale Price Index, or WPI, for all commodities is up 0.6% at 231.1. The WPI for manufactured products is up 0.7% while that of primary articles is up 0.9%.


Inflation is at seven year high, which might reach double digit in next few weeks.

Most of the analyst suggest CRR hike is the possible way to curb inflation.

So most of the analyst expects CRR hike might be the next step for RBI to curb inflation.

Petrol price hike also tends to increase inflation for the next data of inflation on June 20th 2008.
So in near term CRR hike will erode inflation.

Most of them suggest within September it might comes to nearby 6%

Inflation is 8.75% for may 31st 2008:

The WPI for manufactured products was up by 0.7 per cent, while for primary articles it was up by 0.9 per cent.