Wholesale Inflation In June Hits A Four Year High At 5.77 Per Cent
Wholesale Inflation In June Hits A Four Year High At 5.77 Per Cent A wholesale market in Kolkata. (Samir Jana/Hindustan Times via Getty Images)

Wholesale price inflation in the month of June has been pegged at 5.77 per cent making it the highest monthly rise in inflation since December 2013. The rise in wholesale price inflation has been driven by crude oil products whose prices have risen by 48.7 per cent in the month of June, The Hindu has reported.

The prices of food items registered a rise of 1.8 per cent. Food inflation, however, is likely to increase in the wake of higher minimum support price announced by the government for various crops in coming months.

Fuel and power sectors have also witnessed a faster inflation of 16.2 per cent in comparison to 11.2 per cent in the month of May. The overall wholesale price inflation was at 4.43 per cent in the month of May. The Congress party spokesperson R S Surjewala criticised the government for the high inflation figure.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber