India's June WPI inflation eases to 12.07% despite rise in fuel prices
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
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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.
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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Topics : WPI-based Inflation WPI inflation Fuel prices Indian Economy Economic Crisis Economic slowdown
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First Published: Jul 14 2021 | 12:28 PM IST