Wholesale price inflation rises to 3.36% in June, highest in 16 months
The Hindu
India's wholesale prices rise to 3.4% in June, driven by food inflation, leading to a 5.08% retail inflation.
Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%.
Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of 9.4% in June, escalating the headline retail inflation pace to a four-month high of 5.08% in June, from a revised 4.8% in May, as per data released on Friday.
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