Wholesale inflation eased after six months in June to 12.07% from a record 12.94% a month ago as food and fuel inflation declined, official data released Wednesday showed. WPI inflation was -1.81% in June 2020 and the last time it eased was in December. Food inflation decelerated to 3.09% from 4.31% in May while fuel … Read more
Wholesale price inflation climbed to 12.94% in May compared to -3.37% in May 2020 due to low-base effect. Inflation surged in May on the back of rise in prices of crude petroleum, mineral oils viz. petrol, diesel, naphtha, furnace etc. and manufactured products as compared the corresponding month of the previous year. Inflation in fuel … Read more
Analysts in a Reuters poll had forecast the annual wholesale price index to rise 1.30%. Source link