India's WPI touches 2.40 pct in June

"Build up inflation rate in the financial year so far was 1.42% compared to a build up rate of 1.50% in the corresponding period of the previous year," read a government statement.

The index for this major group rose by 1.4 percent to 248.4 (provisional) from 244.9 (provisional) for the previous month.  The groups and items which showed variations during the month are as follows:-

The index for ‘Food Articles’ group rose by 1.3 percent to 257.3 (provisional) from 253.9  (provisional) for the previous month due to higher price of arhar (11%), poultry chicken, masur, urad and gram (9% each),  tea (7%), moong and egg (6 % each), condiments & spices and fruits & vegetables (4% each), fish-marine (3%), maize (2%) and rice and coffee (1% each).

However, the price of fish-inland (13%), barley, bajra and wheat (2% each) and beef & buffalo meat,  jowar and ragi (1% each) declined.

The index for ‘Non-Food Articles’  group rose by 2.2 percent to 218.5 (provisional) from 213.9 (provisional) for the previous month due to higher price of  niger seed (16%), raw jute (15%), sugarcane and gingelly seed (7% each), safflower (kardi seed), raw rubber and groundnut seed (5% each), rape & mustard seed, raw wool, castor seed and cotton seed (4% each), fodder (3%) and sunflower and mesta (1% each).  However, the price of copra (coconut) and soyabean (6% each) and       raw cotton (1%) declined.

The index for  ‘Minerals’  group rose by 0.3 percent to  248.5 (provisional) from 247.7  (provisional) for the previous month due to higher price of sillimanite (17%), crude petroleum (3%), copper ore (2%) and chromite (1%).  However, the price of      manganese ore (8%), magnesite (7%), barytes (6%), iron ore (4%) and zinc concentrate and phosphorite (1% each) declined.