Inflation edges higher in June due to soaring vegetable prices: Survey

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Inflation edges higher in June due to soaring vegetable prices: Survey - Business Standard

Quick Summary:

The July 5-9 Reuters poll of 54 economists forecast consumer price inflation rose to 4.80% last month on a year earlier, up from 4.75% in May.

Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat and heavy floods in India's northern states disrupted agricultural production.

Wholesale price index-based inflation likely surged to an annual 3.50% last month from 2.61% in May, the survey showed.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.