WPI Inflation At 4.5-Year High, Grows 5.77% in June

According to the data of the commerce and industry ministry, India’s wholesale inflation grew 5.77% in June, a four-and-half-year high, driven by some food items and fuel price. 
A higher inflation in the month of June can also be attributed to an unfavourable base effect. WPI witnessed a growth of 4.43% in May and 0.90% in June 2017. 

Source- The Moneycontrol

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018- 
  • Piyush Goyal is the Present Finance Minister of India. 
  • Wholesale inflation rate, measured by Wholesale Price Index (WPI), is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices. 

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