Wholesale inflation
June wholesale inflation falls to 12.07 pc from 12.94 pc in May
New Delhi/IBNS: The wholesale price index (WPI)-based inflation has reduced marginally to 12.07 per cent for the month of June, in comparison to May, when it was 12.94 per cent.
The wholesale price index is still higher in comparison to April's 10.49 per cent.
“The high rate of inflation in 2021 is primarily due to the low base effect and a rise in the price of mineral oils viz petrol, diesel, naphtha, ATF, furnace oil etc. The rate is high also due to the same effect on manufactured products like basic metal, food products, chemical products, etc. as compared to the corresponding month of the previous year,” the commerce ministry explained in a statement.
The ministry also released inflation figures for various other sectors.
Inflation in fuel and power basket eased to 32.83 per cent in June, while in May, it was at 37.67 per cent.
Inflation in food articles eased to 3.09 per cent from 4.31 per cent in May.
Inflation in manufactured products rose marginally to 10.88 per cent during June from 10.83 per cent in May.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
