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Cheaper Non-Food Items Ease India’s June WPI To 23-Month Low At 2.02%

WPI

 

New Delhi: Lower prices of key transportation fuels along with manufactured items eased India’s annual rate of inflation, based on wholesale prices, to a 23-month low of 2.02 per cent in June from 2.45 per cent in May, official data showed on Monday.

Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 5.68 per cent during the corresponding period of 2018.

“The annual rate of inflation, based on monthly WPI, stood at 2.02 per cent (provisional) for the month of June, 2019 (over June, 2018) as compared to 2.45 per cent (provisional) for the previous month and 5.68 per cent during the corresponding month of the previous year,” the Ministry said in its review of “Index Numbers of Wholesale Price in India” for June.

“Build-up inflation rate in the financial year so far was 1.33 per cent compared to a build-up rate of 2.41 per cent in the corresponding period of the previous year.”

On a YoY basis, the expenses on primary articles, which constitute 22.62 per cent of the WPI’s total weightage, increased to 6.72 per cent from 4.74 per cent. (IANS)

 

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