India’s wholesale price inflation eased in June, data from the Ministry of Commerce & Industry showed on Wednesday.
The wholesale price index increased 12.07 percent year-on-year in June, after a 12.94 percent rise in May. Economists had expected a 12.23 percent rise.
The primary articles price index grew 7.74 percent annually in June, after a 9.61 percent increase in the previous month.
Food prices rose to 6.66 percent in June, after a 8.11 percent growth in the previous month.
Fuel and power prices accelerated 37.61 percent in May, following a 20.94 percent rise in the prior month.
Prices of manufactured products grew 10.88 percent in June, following a 10.83 percent gain in the previous month.
The final wholesale prices rose 10.74 percent in April.
On a monthly basis, wholesale prices rose 0.75 percent in June.