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CPI inflation seen rising to 4.6% in June on higher vegetable prices, fading base effect

India's headline retail inflation likely rose in June for the first time in five months on the back of higher vegetable prices and a fading favourable base.

According to a Moneycontrol survey of 17 economists, Consumer Price Index (CPI) inflation likely increased to 4.6 percent in June from May's 25-month low of 4.25 percent.

The Ministry of Statistics and Programme Implementation will release retail inflation data for June later today at 5:30pm.

The ministry will also release the Index of Industrial Production (IIP) data for May at the same time. According to economists, industrial growth likely edged up to 5 percent in May – the highest in three months.

Read more at Moneycontrol

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