Trends in inflation There are expectations that the high levels of slack in resource utilisation and stable inflation expectations will contain global inflationary pressures in 2010 1. The IMF projected the headline inflation in advanced economies at 1.3 per cent in 2010 and in emerging and developing economies at 6.2 per cent.
In divergence with the global trend, India has witnessed a sharp increase in WPI inflation from a negative terrain during June–August 2009 to 9.9 per cent by February 2010. The increase in consumer prices are even higher in the range of 14.9–16.9 per cent (Table 1). 1  January 2010 update of the World Economic Outlook, International Monetary Fund (IMF).