India’s annual consumer price inflation picked up in June to 9.87 percent, after slowing for three straight months. Food prices for consumers rose an annual 11.84 percent in June, faster than an annual rise of 10.65 percent in May. According to Firstpost editor-in-chief R Jagannathan, the CPI inflation has come as a shocker, though it was widely anticipated. Advertisement He says the high inflation is mainly due to a fall in rupee and expects higher inflation in the near future.
 "Retail inflation rises to 9.87%, expect further rise")
India’s annual consumer price inflation picked up in June to 9.87 percent, after slowing for three straight months. Food prices for consumers rose an annual 11.84 percent in June, faster than an annual rise of 10.65 percent in May.
According to Firstpost editor-in-chief R Jagannathan, the CPI inflation has come as a shocker, though it was widely anticipated.
He says the high inflation is mainly due to a fall in rupee and expects higher inflation in the near future.
R Jagannathan is the Editor-in-Chief of Firstpost. see more
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