India’s wholesale inflation accelerates to 9.9% in June, driven by fuel costs
AI Summary
Wholesale price inflation increased to 9.87% in June, up from 9.68% in May, driven by rising prices in both food and non-food items. Although wholesale inflation in fuel and power decreased slightly to 27.41%, the overall trend indicates persistent inflationary pressures in the economy.
Wholesale inflation in fuel and power was 27.41 per cent in June, as against 30.33 per cent in May | Photo Credit: SUSHIL KUMAR VERMA
Wholesale price inflation shot up to 9.87 per cent in June, from 9.68 per cent in May, led by a sharp spike in prices of food and non-food items. With higher prices of fuel, wholesale inflation based on Wholesale Price Index (WPI) moved further up to 9.9 per cent in June as against 9.7 of May, government reported on Tuesday.
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