Inflation dips to 5.43 percent in June 

Inflation dips to 5.43 percent in June Updated on : 14-07-2014 01:56 PM
After rising to a five-month high in May, inflation dipped to 5.43 percent in June mainly on account of decline in prices of food items and vegetables with the exception of potato and onion.

It was at 5.16 percent a year ago in June 2013. As per the Wholesale Price Index (WPI) inflation, prices of vegetables as a category declined by 5.89 percent during the month, while that of potato and onion soared by 42.51 percent and 10.70 percent 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, prices of sugar and edible oils fell by 2.09 percent and 0.75 percent respectively during June.

The food items that became expensive during the month include fruits (up 21.40 percent), followed by milk (10.82 percent), egg, meat and fish (10.27 percent) and rice (10.24 percent).

The inflation of food items as a category, however, continued to remain high at 8.14 percent during the month and will continue to be a cause of concern for the government which is gearing up to meet the impact of poor monsoon on the price situation.

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