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WPI inflation eases to 0.9 percent in June

Reuters  |  NEW DELHI 

(Reuters) - India's wholesale prices further eased to 0.9 percent year-on-year in June, data showed on Friday, in line with the decline in retail

The rise compares with a 1.60 percent annual gain forecast by economists in a poll. In May, prices rose a provisional 2.17 percent.

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

India's annual retail eased to 1.54 percent 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 Aug. 2.

(Reporting by Manoj Kumar; Editing by Malini Menon)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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