India’s June WPI inflation eases to 12.07%: government

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

July 14, 2021

NEW DELHI (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.

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.

(Reporting by Manoj Kumar, Aftab Ahmed and Nidhi Verma; Editing by Clarence Fernandez)