PREVIEW: Inflation in India likely accelerated a tad in June due to high prices of both food and non-food items, with an increase in gasoline prices in late May adding to the pressure. India's wholesale price index, the main inflation gauge, likely rose 7.60% in June from a year earlier, a little quicker than May's 7.55% increase, according to the median estimate in a Dow Jones poll of 18 economists. "Continued firmness in prices of primary articles and a lagged effect of the petrol price hikes would keep the headline inflation figure elevated at 7.71%," says Rupa Rege Nitsure, chief economist at Bank of Baroda. However, core inflation is likely to be limited to 4.88% because weak overall demand has reduced the pricing power of manufacturers, she adds. The commerce ministry will release the inflation data at 0530 GMT Monday .
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