Indian headline inflation measured by wholesale price index climbed up to 9.44 percent in June from 0. 06 percent in May on higher domestic fuel prices, said Indian Ministry of Commerce and Industry on Thursday.
The inflation is lower than market expectation of 9.7 percent but is set to top 10 percent in the upcoming month due to the lag of price transmission.
The release showed that all of the three sectors of the inflation index saw hardening in the month.
Primary articles posted inflation of 12.22 percent from 11.3 percent in the previous month due to the non-food articles like oil seeds and minerals.
The fuel and power sector had 12.85 percent of price increase against 12.32 percent in May on hike of petrol prices.
The price index with manufactured products sector expanded 7.43 percent in June from 7.27 percent driven by pricier iron ore, basic metals, cement and non-metallic minerals.
Meanwhile, the inflation data in April was revised upwardly again to 9.74 percent from provisional 8.66 percent./.