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June inflation slows to 7.25% YoY India’s wholesale price index (WPI) rose a lower-than-expected 7.25% in June from a year earlier, mainly driven by higher food prices, government data showed on Monday.

India’s wholesale price index (WPI) rose a lower-than-expected 7.25% in June from a year earlier, mainly driven by higher food prices, government data showed on Monday.

Analysts on average had expected an annual rise of 7.62%, a Reuters poll showed. Wholesale prices provisionally rose 7.55% in May.

The annual reading for April was upwardly revised to 7.5% from 7.23%, the government said in the release.

Here is a sneak peak:

 

  • Manufactured products at 5% vs 5.02% (MoM)
  • Manufactured products index up 0.3% (MoM)
  • Primary articles at 10.26% vs 10.88% (MoM)
  • Primary articles index up 0.1% (MoM)
  • Food articles at 10.81% vs 10.74% (MoM)
  • Food articles index up 1.4% (MoM)
  • Fuel group at 10.27% vs 11.53% (MoM)
  • Non-food articles index down 2.6% (MoM)
  • Fuel Group index down 0.4% (MoM)
  • Minerals group index down 2.6% (MoM)

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Moneymunch's editors' staff. They have been writing/working on the financial markets for over two decades, having previously worked with popular financial blogs and newspapers.

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