Wholesale inflation eases to 12.07% in June despite spike in fuel price

Wholesale inflation came in at (-)1.81% in June 2020, due to the implementation of a stringent nationwide lockdown

India's wholesale inflation remained elevated, even as it moderated to 12.07 per cent in June from a record high of 12.94 per cent in May, amid a sustained rise in fuel and commodity prices, data released by the government on Wednesday showed.

Wholesale prices, whose increase or decline is measured in terms of wholesale price index (WPI), witnessed deflation at of 1.81 per cent in June 2020.

“The high rate of inflation in June 2021 is primarily due to low base effect and rise in prices of mineral oils viz. petrol, diesel (HSD), naphtha, ATF, furnace oil etc, and manufactured