Inflation based on the Wholesale Price Index (WPI) moderated in June after five consecutive months of rise on softening prices of food articles and crude oil, despite sustained inflation in manufactured products. Inflation, the commerce ministry said in a statement. The annual rate is 12.07 percent in June 2021 (as compared to June 2020), which was negative 1.81 percent in June 2020.
Wholesale price-based inflation eases to 12.07% in June 2021 as compared to 12.94% in May: Ministry of Commerce & Industry pic.twitter.com/7UNW4wgcqi
– ANI (@ANI) July 14, 2021
The high rate of inflation in June 2021 was mainly driven by a low base effect and prices of mineral oils such as petrol, diesel (HSD), naphtha, ATF, furnace oil and manufactured products such as base metals, food products, chemical products, the statement said. is due to increase. Inflation in fuel and power declined to 32.83 per cent during the period under review, from 37.61 per cent in May.
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Similarly, inflation in food articles also declined to 3.09 per cent in June, from 4.31 per cent in May. However, onions became expensive during this period. Inflation in manufactured products stood at 10.88 per cent in June as against 10.83 per cent in the previous month.
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