June WPI Inflation at four and half years high, rises to 5.77%

0 981

NewDelhi: India’s Wholesale Inflation rises to four and half years high to 5.77 percent in June due to rise in fuel and food prices, according to the official data released Ministryinistry of Commerce and Industry today.

The index for primary articles rose by 2.0 per cent to 133.2 (provisional) from 130.6 (provisional) for the previous month. The index for ‘Food Articles’ group rose by 1.1 percent to 141.7 (provisional) from 140.1 (provisional) for the previous month due to higher price of egg (5%), fruits & vegetables (4%), maize and fish-marine (3% each), jowar (2%) and barley, bajra, beef & buffalo meat, wheat, coffee, condiments & spices, milk and poultry chicken (1% each).  However, the price of betel leaves (14%), urad, arhar and gram (2% each) and ragi, masur and moong (1% each) declined.

The index for Fule and Power rose by 3.0 percent to 104.1 (provisional) from 101.1 (provisional) for the previous month. The index for ‘Mineral Oils’ group rose by 3.5 percent to 96.9 (provisional) from 93.6 (provisional) for the previous month due to higher price of furnace oil (10%), ATF (7%), LPG and naphtha (6% each), bitumen (3%), HSD, petrol and kerosene (2% each) and petroleum coke (1%). The index for ‘Electricity’ group rose by 4.0 percent to 109.6 (provisional) from 105.4 (provisional) for the previous month due to higher price of electricity (4%).

Leave A Reply

Your email address will not be published.