Global Energy, Goods Prices Push Up WPI Inflation: Govt
Government tells Parliament that the rise in WPI inflation in June was driven by global energy and commodity price pressures, while CPI remains within the target band.
New Delhi: The increase in wholesale price inflation in June was largely driven by price pressures in goods that are sensitive to global commodity and energy prices, the government informed Parliament on Monday.
Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply that the government has been actively implementing measures to control inflation and mitigate its impact on consumers. These steps, he said, have helped rein in retail inflation measured by the Consumer Price Index (CPI).
The measures include augmenting buffer stocks of essential food items, selling procured grains in the open market to moderate prices, and calibrating trade policies.