Wholesale inflation rises to 5.77% in June

The Inflation, based on wholesale prices, shot up to 5.77 per cent in June on increasing prices of vegetables and fuel items. The WPI inflation stood at 4.43 per cent in May and 0.90 per cent in June last year. 

According to the official data released yesterday, inflation in food articles stood at 1.80 per cent in June, as against 1.60 per cent in the preceding month. Inflation in vegetables jumped to 8.12 per cent, from 2.51 per



cent.

Inflation in 'fuel and power' basket too rose to 16.18 per cent from 11.22 per cent, as prices of domestic fuel increased in line with rising global crude oil rates.

The WPI inflation for April was revised upwards to 3.62 per cent from the provisional estimate of 3.18 per cent. Data released last week had showed that retail inflation scaled a 5-month high of 5 per cent in June.