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India’s wholesale inflation likely rose to 0.80% in June: Union Bank report

  • India's wholesale inflation rose to 0.80% in June according to a Union Bank report.
  • The core WPI, excluding food and fuel, increased from 0.86% in May to 1.63% in June.
  • While food inflation moderated on a yearly basis, month-on-month prices saw a rise, with food WPI easing to 0.60% in June.
  • Fuel inflation remained in the deflationary zone, but the pace of contraction slowed, likely at (-)1.82% in June compared to (-)3.87% in May.

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