WPI inflation eases to near 2-year low

July 15, 2019 13:05

Wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June, helped by decline in prices of vegetables as well as fuel and power items, according to official data released Monday.

The Wholesale Price Index-based inflation was at 2.45 per cent in May. It was 5.68 per cent in June 2018. Inflation in food articles basket eased marginally to 6.98 per cent in June, from 6.99 per cent in May.

Vegetable inflation softened to 24.76 per cent in June, down from 33.15 per cent in the previous month. Inflation in potato was (-) 24.27 per cent, against (-) 23.36 per cent in May.

However, onion prices continued the rising trend with inflation at 16.63 per cent during the month, as against 15.89 per cent in May.

WPI inflation in June is the lowest in 23 months, since July 2017, when it was at 1.88 per cent. Inflation in 'fuel and power' category cooled substantially to (-)2.20 per cent, from 0.98 per cent last month. -- PTI

Image: Onion prices continued the rising trend with inflation at 16.63 per cent during the month.

« Back to LIVE

TOP STORIES

After Delhi, schools in Ahmedabad get bomb threat mails

Polling in 25 Lok Sabha seats in Gujarat will be held on May 7.

Paris 2024 Olympics may face cybersecurity nightmare

Paris 2024 gearing up to face unprecedented cybersecurity threat

Every NEET paper accounted for, social media images fake, says NTA

Stressing that every question paper has been "accounted for", the NTA said that purported images of the question paper circulating on social media have no relation with the actual paper.

Jadeja's all-round show sparks T20 WC excitement

Jadeja will be expected to play a key role in the T20 showpiece in the United States and West Indies, where the ball is likely to turn.

India's first-ever hybrid pitch unveiled in Dharamsala

'Yes, the playing conditions still vary over time. But you're still in control of what sort of works for you on a pitch. So, you might play on a new hybrid pitch for one game.'