WPI expected to increase 7.62% y/y in June.

By bne IntelliNews July 17, 2012
India's wholesale price index (WPI) is expected to increase 7.62% y/y in June this year, as compared to the growth of 7.55% y/y registered in May. As reported by Reuters News, the increasing food costs are expected to push the country's inflation to its highest level during the period, indicating that the central bank would remain hawkish on monetary policy. The country's food prices have an important impact on the direction of the overall inflation as a result of their volatile nature, although they are only responsible for about 14% of the WPI.

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