Wholesale inflation falls for third month

New Delhi, July 14

Prices within the wholesale market fell for the third straight month, declining 1.81% in June, attributable to sharp decline in gasoline and energy gadgets whilst meals articles remained costly.

Inflation in May and April was (-) 3.21% and (-) 1.57%, respectively. In March it was 0.42%.

“The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at (-1.81%) (provisional) for the month of June as compared to 2.02% during the corresponding month of the previous year,” the business ministry mentioned on Tuesday. — PTI

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