India inflation high due to fuel, metal prices-finmin

NEW DELHI, July 4 - 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.

(Reporting by Rajkumar Ray, Editing by Rosemary Arackaparambil)

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