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.
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.