Food price surge pushes wholesale inflation up nearly 10% in June despite fuel decline
Wholesale inflation in India rose to 9.87% in June, driven by a significant increase in food prices, according to data from the Ministry of Commerce and Industry. This marks an increase from 9.68% in May and indicates a broader inflationary trend, as economists highlight that inflation is becoming more generalized. The rise in food prices is attributed to sub-par monsoons and high temperatures, raising concerns about future inflationary pressures.