India inflation high due to fuel, metal prices-finmin

Enlarge Photo A labourer works on a heap of iron rods kept for sale at a market...

Fri, Jul 4 07:55 PM

NEW DELHI (Reuters) - India's headline inflation is high mainly due to a surge in the prices of fuels and iron and steel products, the finance ministry said in a statement on Friday.

"While headline inflation is still high, it is because the main drivers of inflation continue to be petroleum products (as a result of high crude oil prices) and iron and steel products including iron ore," it said.

There has been a decline in the prices of many manufactured products and food items, it added.

The wholesale price index rose 11.63 percent in the week to June 21, government data showed.

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