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India Wholesale Price Inflation Slows In June

India's wholesale price inflation slowed at a faster-than-expected rate in June, data from the Ministry of Commerce & Industry showed on Monday.

The wholesale price index climbed 2.02 percent year-on-year in June, after a 2.45 percent increase in May. Economists had expected a 2.26 percent rise.

The build up inflation rate in the financial year was 1.33 percent in June compared to 2.41 percent in the corresponding period last year.

The wholesale prices for food articles grew by 1.1 percent in June and that of non-food articles rose 0.7 percent.

The fuel and power prices declined by 1.3 percent in June and the manufacturing products remained unchanged.

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