WPI inflation falls sharply to 0.90% in June, food prices ease

July 14, 2017 13:50

Wholesale inflation fell to 0.90 per cent in June -- the lowest in at least eight months -- as prices of food articles, including vegetables, declined. Inflation based on the wholesale price index (WPI) was 2.17 per cent in May 2017 and (-)0.09 per cent in June 2016.

The slowdown in wholesale inflation comes against the backdrop of retail inflation easing to a record low of 1.54 per cent in June. The WPI figure is at the lowest level in at least eight months -- since the availability of data for the new 2011-12 base year series.

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