WPI inflation touches 6.01%, Highest in five months, Markets fall

The Wholesale Price Index based inflation for May rose to 6.01%, much higher than the last month’s 5.20%. The projections were for 5.40% only. Higher food costs, and fuel costs drove the WPI inflation up. The markets reacted sharply to the news, with Banking, Infra, Motor and PSU stocks coming in the red.

Medaram Jathara

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