Inflation continue to be concerning at 7.55%

Inflation continued to be under concern as per the latest data of May 2012. May Inflation has come at 7.55% against last Month print of 7.32% . Even the March figure has been revised from 6.89% to 7.69% . Even if the inflation is high interest rate will definitely be cut by 25bps in the upcoming RBI review of the Monetary policy on 18^th May . Manufacturing inflation continue to be around 5% . Fuel inflation is around 11.5%