Comments
After rising to a five-month high in May, inflation dipped to 5.43 per cent in June mainly on account of a decline in the prices of food items and vegetables with the exception of potato and onion.
It was at 5.16 per cent a year ago in June 2013.
As per the Wholesale Price Index (WPI) inflation, prices of vegetables as a category declined by 5.89 per cent during the month, while that of potato and onion soared by 42.51 per cent and 10.70 per cent, respectively in the wholesale market.
Inflation had soared to a five-month high of 6.01 per cent in May 2014.
Among other important items, the prices of sugar and edible oils fell by 2.09 per cent and 0.75 per cent, respectively during June.
The food items that became expensive during the month include fruits (up 21.40 per cent), followed by milk (10.82 per cent), egg, meat and fish (10.27 per cent) and rice (10.24 per cent).
The inflation of food items as a category, however, continued to remain high at 8.14 per cent during the month and will continue to be a cause for concern for the Government which is gearing up to meet the impact of poor monsoon on the price situation.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.