New Delhi, Aug 3 (IANS): The increase in wholesale price inflation in June was largely driven by price pressures in goods that are sensitive to global commodity and energy prices, the Parliament was informed on Monday. On a year-on-year basis, wholesale price index (WPI) based inflation increased from 9.68 per cent in May to 9.87 per cent in June. “The rise in WPI inflation is largely driven by the price pressures in commodities that are more sensitive to global energy and commodity price movements, particularly mineral oils (including petroleum products), food articles, basic metals, chemicals and chemical products,” Chaudhary said. He said that the government, in consultation with the RBI, determines the CPI retail inflation target once every five years to maintain price stability while keeping in mind the objective of promoting strong economic growth. India’s retail inflation rose to 4.38 per cent in June 2026, up from 3.93 per cent in May, driven primarily by higher food prices and transport costs due to escalating fuel prices.