14 July, New Delhi
Fuelled by fall in prices of food articles, inflation-based on Wholesale Price Index (WPI) fell to 0.90 per cent in June 2017 as compared to 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 government data released today showed that prices of food articles contracted by 3.47 per cent in June on a yearly basis. Vegetable inflation stood at () 21.16 per cent. Potato saw a maximum deflation of 47.32 per cent, followed by pulses at 25.47 per cent. For onion, deflation was 9.47 per cent in June.
The rate of price increase was 1.93 per cent in cereals, while that of protein-rich items such as eggs, meat and fish was 1.92 per cent in June.
The fuel and power segment saw some cooling of inflation at 5.28 per cent, from 11.69 per cent in May. Manufactured product inflation stood at 2.27 per cent.