India's WPI rose to 1.62% last month, food articles inflated at 8.18%

India’s wholesale inflation rose even more in June, owing to pricier vegetables and a small uptick in manufactured goods. This suggests that industry is getting some relief from declining prices.

Wholesale inflation is measured by the wholesale price index (WPI), and it rose to 1.62% in June from 0.79% in May, said the data released by the government. The data shows consumer inflation at a 22-month high in June, and it could be because of rise in inflation in food articles.

Wholesale food inflation jumped to 8.18% and this jump was led by potatoes and pulses that were dearer by 64.48% and 26.61%, respectively, from a year before.

The inflation for primary articles was pegged at 5.5% in June, while the index for manufactured products grew 1.17% from 0.91% in May. This fall in wholesale prices was lower at 3.62% in June as compared to May’s 6.14% fall.

These inflation data have put on hold the expectations of a rate cut in RBI's monetary policy review, scheduled for 9th August.

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