Inflation in wholesale prices moderated marginally from the record 15.88% pace in May to 15.18% in June, as a minor paring in the price rise of manufactured products, fuel and power as well as primary articles was offset by a surge in food price inflation to 12.41% from 10.89% in May.
June’s wholesale inflation rate is the lowest in three months as the Commerce and Industry Ministry revised April’s Wholesale Price Index (WPI) to reflect a 15.38% price rise that month as opposed to 15.08% estimated earlier. This is the 15th successive month that wholesale price inflation is over the 10% mark in India.
