The wholesale price-based inflation eased marginally to 12.07 per cent in June as crude oil and food items witnessed some softening in prices. However, WPI inflation remained double-digit for the third consecutive month in June, mainly due to a low base of last year. WPI inflation was (-) 1.81 per cent, in June 2020. Retail inflation remained above the RBI’s comfort level of 6 per cent for the second straight month at 6.26 per cent in June.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Points to remember:
- Inflation in fuel and power basket eased to 32.83 per cent during June, against 37.61 per cent in May.
- Inflation in food articles too eased to 3.09 per cent in June, from 4.31 per cent in May, even as onion prices spiked.
- In manufactured products, inflation stood at 10.88 per cent in June, against 10.83 per cent in the previous month.
Find More News on Economy Here
ODI World Cup winners full list (1975-20...
Which Indian City is Known as "City of D...
Top-10 Rice Producing Countries in the W...
