Wholesale Price Inflation for June 2014 came in at 5.43%, lower than the May’s 6.01%. However, April’s low number of 5.2% was revised up to 5.55%.
Component-wise, primary articles (mostly food) has reduced to 6.84%. Fuel inflation remains high (due to diesel price hikes).
The interesting thing is that Manufactured Goods (which is 65% of the index) is going up and even though it’s at only 3.75%, the index is going up.
This number is low, but obviously the monsoon can change everything. We’re still 43% deficient.