India's inflation rate climbs to 10.55 per cent in June

The annual rate of inflation based on the wholesale price index stood at 10.55 per cent (provisional) in June 2010 against 10.16 per cent (provisional) in the previous month and 1.01 per cent during the corresponding month of the previous year.

Build-up of inflation in the financial year so far was 2.53 per cent compared with 2.98 per cent in the corresponding period of the previous year.

The official wholesale price index for 'all commodities' (base: 1993-94 = 100) for June 2010 rose 0.7 per cent to 259.8 (provisional) from 258.1 (provisional) in the previous month.
 
The index for the `primary articles' group rose 0.7 per cent to 302.1 (provisional) from 299.9 (provisional) in the previous month.

Among primary articles, the index for the 'food articles' group rose 0.2 per cent to 295.2 (provisional) from 294.6  (provisional) in the previous month due to higher prices of urad (9 per cent), beef and buffalo meat (7 per cent), fish-marine (5 per cent), condiments and spices, poultry chicken and maize (3 per cent each) and tea, barley and jowar (1 per cent each). However, the prices of coffee (-5 per cent) and bajra (-2 per cent) declined.

The index for the 'non-food articles' group rose 1.2 per cent to 286.4 (provisional) from 283.1 (provisional) in the previous month due to higher prices of fodder (11 per cent), raw rubber and castor seed (6 per cent each), raw cotton, groundnut seed and copra (2 per cent each) and raw silk (1 per cent). However, the prices of sunflower (-4 per cent) and skins (raw) and niger seed (-1 per cent each) declined.

The index for the 'minerals' group rose 5.9 per cent to 722.7 (provisional) from 682.2 (provisional) in the previous month due to higher prices of chromite (21 per cent), magnesite (15 per cent), iron ore (8 per cent) and steatite (1 per cent).  However, the prices of vermiculite (-25 per cent), manganese ore (-10 per cent) and feldspar (-8 per cent) declined.