India's June Wholesale Inflation Hits 9.87%

India’s wholesale inflation, which measures how much the price of goods sold in bulk goes up, climbed to 9.87% in June.

This jump is mainly because prices for things like oil, food, metals, and chemicals have risen worldwide.

The government is trying to keep prices stable by keeping extra food in stock, selling some of its grain supplies, and adjusting trade rules.

Retail prices for everyday items have stayed below the 4% target, at about 3.1% in the first quarter and 3.9% in the second quarter of the fiscal year.

The government set a 4% target for consumer prices for the next five years, with a tolerance range of 2% to 6%.