Wholesale inflation touches 27-month high of 9.9% in June

Wholesale inflation reached a 27-month high of 9.9 percent in June. This surge was driven by rising food prices and energy costs. Food prices accelerated to 5.5 percent while mineral prices rose significantly. Fuel prices decelerated slightly to 27.4 percent due to oil market corrections. Recent West Asia flare-ups and El Nino risks add to price volatility.