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June WPI inflation contracts sharply at 4 12%

Food index wholesale inflation contracted by 1.24 per cent in June year-on-year, following a contraction of 1.59 per cent in the previous month

WPI inflation eases to 15 18% in June as against 15 88% in May

The Ministry of Commerce and Industry added that the high rate of inflation in June is “primarily due to rise in prices of mineral oils, food articles, crude petroleum & natural gas, basic metals, chemicals & chemical products, food products etc. as compared to the corresponding month of the previous year”.

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