Tuesday, 16 August 2016

Now India's wholesale inflation shoots up on steep food prices-The Total Investment & Insurance Solutions

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16Th Aug 2016

India's annual rate of inflation based on wholesale prices shot up to 3.55% for July from 1.62% in the previous month, due to an 11.82% jump in prices of food articles, official data showed on Tuesday. The Total Investment & Insurance Solutions

The prices of potatoes continued to pinch with an annual rise of 58.78%, pulses were dearer by 35.76%, while fruits were 17.30% costlier over the same month month of the previous year, as per Wholesale Price Index data of the Commerce Ministry. The Total Investment & Insurance Solutions


Data released last week showed that the country's annual retail inflation shot up to a 23-month high of 6.07% and beyond the official tolerance level of 6% for July, again due to higher prices for food articles. The Total Investment & Insurance Solutions

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