Categories: Economy

WPI inflation eases to 12.07 per cent in June

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.

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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.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.