India June Wholesale Inflation at 15-Month High of 5.77%


Wholesale prices in India rose by 5.77 percent year-on-year in June of 2018, after a 4.43 percent gain in the prior month and above market estimates of 4.93 percent. It is the highest wholesale inflation since March 2017, due to faster rises in cost of food, manufactured products, and fuel.

In June, cost of primary articles increased much faster (5.3 percent from 3.16 percent in May), as cost of food went up more (1.8 percent from 1.6 percent in a month earlier), namely potato (99.02 percent); fruits (3.87 percent); and onion (18.3 percent). Also, cost rose at a higher rate for manufactured products (4.17 percent from 3.73 percent), and fuel and power (16.18 percent from 11.22 percent). 

On a monthly basis, wholesale prices increased by 1.1 percent, compared to a 0.9 percent rise in May.

India June Wholesale Inflation at 15-Month High of 5.77%


Office of the Economic Adviser l Rida | rida@tradingeconomics.com
7/16/2018 6:50:34 AM