Wholesale price inflation, a measure of rising costs, rose to 10.16 per cent in May, the highest in the last 19 months, due to high food and fuel prices.
Economists and other experts predicted double-digit inflation was likely to delay any government move to decontrol fuel prices. “Inflation is always a matter of concern. S
omething more needs to be done by the RBI,” said finance secretary Ashok Chawla, with analysts saying the RBI might tighten liquidity at its quarterly monetary policy review next month.