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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