India’s Wholesale Inflation Rises Less Than Estimated in June
- WPI gains softened to 15.18% last month from 15.88% in May
- Urgency of faster rate hikes seen waning as CPI eases a tad
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India’s wholesale inflation eased from a three-decade high in June, amid some softening in prices of global commodities including crude and edible oils that are key imports for the nation.
Wholesale prices rose 15.18% in June from a year earlier, data released by the Commerce Ministry showed Thursday. That compares to the median estimate for a 15.6% gain in a Bloomberg survey of economists.