Thursday, 14 July 2016

India's wholesale inflation shoots up to 1.62%-The Total Investment & Insurance Solutions

Contact Your Financial Adviser MONEY MAKING MC
14  July 2016 

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. The Total Investment & Insurance Solutions


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. The Total Investment & Insurance Solutions


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. The Total Investment & Insurance Solutions


No comments:

Post a Comment