Delay By Steel Min In Submitting Data Blamed INFLATION, which rose to 11.05% last week, is likely to stay above 11% this week too. And this time, the driver for high inflation numbers would be steel. The wholesale price index (WPI) to be reported on Friday will reflect the prices for the week ended June 14. The steel ministry has reported fresh prices that are at least 20% higher than the previous numbers. There is usually a lag between increase in commodity prices and its impact on WPI. This, coupled with a positive base effect, is likely to keep inflation above 11% this week, government sources said. Food and controlled fuel prices, however, are expected to remain stable. Officials in the department of industrial policy & promotion (DIPP) told ET that the steel ministry has just submitted its latest revision in prices. Since steel contributes more than 8% to the wholesale price index, the higher prices would put considerable upward pressure on inflation, sources said. The higher steel prices will also have to be factored in while calculating previous week's inflation. This will push up last week's figures when the revised numbers are announced after eight weeks. Revised inflation figures have anyway been showing at least a 50-basis-point rise over provisional figures in the past few weeks since data from some sectors flow in late. The three administered items in the fuel basket