CCTV.com - CNTV English - CCTV News

Indian headline inflation reaches 10.55% in June

07-14-2010 15:55 BJT Special Report:Global Financial Crisis |

MUMBAI, July 14 (Xinhua) -- Indian headline inflation edged up to 10.55 percent in June from 10.16 percent in May, less than expectation of 10.8 percent by economists, said a release by the Ministry of Commerce and Industry Wednesday.

The growth of food articles price slowed to 14.6 percent in June from 16.49 percent in May, bringing some relief to the government.

Still, the price with fuel and manufactured products continue to move up to 14.32 percent and 6.66 percent from 13.5 percent and 6.41 percent in the previous month, due to fuel deregulation and pricier raw materials.

Meanwhile, the price growth of April was revised upward from 9. 59 percent to 11.23 percent, higher from 11.04 percent in March.

C. Rangarajan, chairman of the Economic Advisory Council to the Prime Minister said that inflation now is the major concern of India's central bank and its No. one task is to contain inflation.

Indian central bank is expected to continue to hike interest rates by another 25 basis points on the scheduled policy meeting on July 27, despite drop of industrial production in May.

Related stories

Editor:Jin Lin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program