New Delhi: Wholesale price-based inflation reduced to 12.07 percent in June as crude oil and food witnessed some softening prices.
However, WPI inflation remains in two digits for the third consecutive month in June, mainly due to the low base of last year.
WPI inflation was (-) 1.81 percent, in June 2020.
Photographing five consecutive months, wholesale price-based inflation (WPI) in June was softened because the price of food and crude oil articles was reduced, although manufacturing products hardened.
“The annual inflation rate was 12.07 percent for June, 2021 (more than June 2020) compared to – 1.81 percent in June 2020.” The high rate of inflation in June 2021, mainly because of its low.
Effects and Increase in Mineral Oil Prices Viz Gasoline, Diesel (HSD), Naphtha, ATF, Furnace Oil, and manufacturing products such as basic metals, food products, chemical products etc.
compared to the month according to the previous year, “trade and the Ministry of Industry said inflation in fuel and the power basket fell to 32.83 percent during June, against 37.61 percent in May.
Inflation in food articles also fell 3.09 percent in June, from 4.31 percent, even because of the price Onion surge.
In manufacturing products, inflation reached 10.88 percent in June, against 10.83 percent in the previous month.
RBI in last month’s monetary policy kept interest rates unchanged at the lowest record and committed to maintaining growth.
Retail inflatments .
Ion remained above the 6 percent RBI comfort level for the second consecutive month at 6.26 percent in June, the data released earlier this week showed.