India’s June WPI inflation eases to 12.07% y/y -govt

New Delhi, July 14 (Reuters): India’s annual wholesale price inflation eased to 12.07% in June from the previous month’s record of 12.94%, despite a spike in costs of fuel and manufactured goods, government data showed on Wednesday.

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo

Fuel prices rose 32.83% in June on the year while prices of manufactured items were up 10.88%, the data showed.

A low-base effect also contributed to the WPI inflation in June, since it stood at (-) 1.81% in the corresponding month of 2020.

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Source: Reuters