India's wholesale price inflation reached a 16-month high of 3.4% in June, driven by food inflation at 8.7%.
India's wholesale price inflation reached a 16-month high of 3.4% in June, driven by an increase in food inflation to 8.7% and a near-doubling of the rise in manufactured products prices to 1.43%. The increase in food prices, spurred by pricier vegetables, cereals, and fruits, led to a six-month high of 9.4% for food prices paid by consumers and a four-month high of 5.08% for retail inflation in June.
July 15, 2024
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