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Economy

Wholesale Price Inflation for Jun 2014 falls to 5.43%, But the Monsoon Can Hurt

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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%.

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Component-wise, primary articles (mostly food) has reduced to 6.84%. Fuel inflation remains high (due to diesel price hikes).

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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.

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