India's WPI inflation eases to -4.12% in June
The wholesale price-based inflation rate declined to (-)4.12 per cent in June on easing prices of food, fuel and manufactured items.
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Inflation in food articles declined to -1.24 per cent in June against -1.59 per cent in May, the Commerce and Industry Ministry said in a release on Friday. (Image Credit: PTI/files)
The wholesale price-based inflation rate declined to (-)4.12 per cent in June on easing prices of food, fuel and manufactured items.
The wholesale price index (WPI)-based inflation in May was (-)3.48 per cent.In June last year, it was 16.23 per cent.
Inflation in food articles declined to -1.24 per cent in June against -1.59 per cent in May, the Commerce and Industry Ministry said in a release on Friday.
Fuel and power basket inflation eased to (-) 12.63 per cent in June from (-) 9.17 per cent in May.
In manufactured products, the inflation rate was (-) 2.71 per cent in the month under review, compared to (-) 2.97 per cent in May.
The decline in the rate of inflation in June 2023 is primarily due to a fall in the prices of mineral oils, food products, basic metals, crude petroleum & natural gas, and textiles, the release said.
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Written By: PTI
Updated: Fri, Jul 14, 2023
01:45 PM IST
01:45 PM IST
New Delhi, PTI
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