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June WPI inflation falls to 0.90%, lowest since June 2016

As food prices eased, WPI decelerated from 2.17% in May to 0.90% in June

Agencies  |  New Delhi 

WPI
Representative image (Photo: Reuters)

A massive contraction in dragged India's annual rate of based on wholesale prices to levels of 0.90 per cent in June, official data showed on Friday.

According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, decelerated further in June 2017 to 0.90 per cent from 2.17 per cent in May as eased.

Wholesale fell 1.25% in June, compared with 0.15% rise a month ago, the data showed.


India’s annual retail eased to 1.54% in June to its slowest pace in more than five years, building pressure on the central bank to cut interest rates when it meets for a policy review on 2 August.

 

 

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