Inflation rises to 9.44%
Headline inflation rose to 9.44% in June on the back of rising prices of fuel and manufactured products, which may prompt the Reserve Bank to raise key rates again in its quarterly policy review later this month.
Data released by the Ministry of Industry for the week ending April 12, shows inflation rising again to 7.33 per cent from 7.14 per cent in the previous week, largely due to food items being highly priced.