Inflation Increased in Jan 2010

Indian economies wholesale price index rose to 8.56 per cent in Jan 2010 from 7.31 pc in Dec 2009, the government data showed on Monday, Feb 15.According to the data, the WPI, used as a measure of inflation, rose 0.8 pc to 248.5 from 246.5 in Dec 2009.
Sugar prices rose by 58.96 per cent in Jan year-on-year while potatoes turned costlier by 53.39 per cent and pulses by 45.64 per cent. On monthly basis, prices of masur increased by 9 per cent, arhar by 6 per cent and wheat by 4 per cent.Fuel index rose by 1.8 per cent due to higher prices of naphtha that rose 21 per cent. Furnace oil rose 6 percent while bitumen, non-coking coal and light diesel oil rose 3 per cent each.The Reserve Bank of India (RBI) had projected inflation will be around 8.5 per cent by the end of the current financial year in Mar 2010.The country's food inflation touched a decade's high of about 20% in December before moderating to around 18% in February.