Wholesale price inflation (WPI)-based inflation eased to 12.07 per cent in June. However, for the third consecutive month in June, the WPI remained in double digits, mainly due to the low rate last year. WPI inflation was 1.81 per cent in June 2020
Despite the continued inflation in manufactured products, inflation based on the Wholesale Price Index (WPI) has risen on the softening in food prices and crude oil prices for five consecutive months. “The annual inflation rate was 12.07 per cent in June 2021 (compared to June 2020) and was 1.81 per cent negative in June 2020,” the Commerce Ministry said in a statement.
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“The high inflation rate in June 2021 was mainly due to low base effect and low base effect and low base effect and products made of mineral oils such as petrol, diesel (HSD), naphtha, ATF, furnace oil and basic. Metals, food products, chemical products.” The statement said. Due to price increases. Fuel and electricity inflation fell to 32.83 per cent during the period under review, up from 37.61 per cent in May.
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Inflation in food articles fell to 3.09 per cent in June, from 4.31 per cent in May. However, onions became expensive during this period. Inflation in manufactured products was 10.88 per cent in June compared to 10.83 per cent in the previous month.