For Quick Alerts
For Daily Alerts

Wholesale Inflation Contracts 1.8% In June On Decline In Fuel Demand

By Staff

The Wholesale Price Index (WPI) for June fell 1.81 percent in June when compared to a 3.21 percent decline in May, according to data released by the Ministry of Commerce and Industry.

Wholesale Inflation Contracts 1.8% In June On Decline In Fuel Demand

Prices of primary articles fell 1.21 percent while that of fuel, power and lighting fell 13.6 percent. Wholesale food prices increased by 2.1 percent year-on-year while manufactured product prices were flat compared to the previous year.

"The annual rate of inflation, based on monthly WPI (Wholesale Price Index), stood at (-1.81 percent) (provisional) for the month of June, 2020, as compared to 2.02 percent during the corresponding month of the previous year," the Commerce and Industry Ministry said in a statement.

In fuel and power basket, deflation stood at 13.60 percent in June, against 19.83 percent in the previous month.

Meanwhile, the final print of April WPI inflation stood at 1.57 percent, the ministry said.

Read more about: wpi inflation
Story first published: Tuesday, July 14, 2020, 14:37 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more