Wholesale inflation falls for third month

New Delhi, July 14 Prices in the wholesale market fell for the third straight month, declining 1.81% in June, due to sharp decline in fuel and power items even as food articles remained expensive. Inflation in May and April was...

Tribune News Service

Updated At : 01:02 PM Jul 15, 2020 IST

New Delhi, July 14

Prices in the wholesale market fell for the third straight month, declining 1.81% in June, due to sharp decline in fuel and power items even as food articles remained expensive.

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 industry ministry said on Tuesday. — PTI