Food prices rise pushes retail inflation sharply to 1.62%

| Thursday, July 14, 2016 - 13:02
First Published |
Inflation, india, food price, wholesale price index, wpi

Annual wholesale price index rises to 1.62% for June from 0.79% for the month before

New Delhi: Ballooning prices of food articles pushed up India's annual wholesale price index sharply to 1.62% for June from 0.79% for the month before. This kept the inflation level in the positive domain for the third month after 17 months in the negative.

(Also Read: Odisha asks collectors to rein in high dal prices)

The annual inflation for potatoes, as per data on official wholesale price index (WPI) released by the Commerce and Industry Ministry, was as much as 64.48%, while for pulses it was 26.61%. Vegetable prices were 16.91% higher.

Significantly, the final wholesale price index for the month of April was also revised to suggest a higher annual inflation rate of 0.79% against 0.34% as reported earlier.

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