Friday May 25, 2018
Home Business India’s...

India’s wholesale inflation falls further to (-) 2.4 percent

0
//
28
Republish
Reprint

New Delhi, Even as pulses and onions remained costly, India’s annual inflation rate based on wholesale prices continued in the negative territory in June, falling further to (-)2.4 percent from (-)2.36 percent for the month before, official data showed on Tuesday. inflation-rate-september-2014

The annual rate of inflation, as per the official wholesale price index, stood at 5.66 percent in the corresponding month of the previous year, according to data released by the commerce and industry ministry.

Reflecting the dichotomy over retail and wholesale prices in the country, data released on Monday by the Central Statistics Office (CSO) showed that rise in food and fuel prices had propped the country’s consumer price index inflation to 5.40 percent in June from 5.01 percent in May.

The consumer price index data also showed that rural areas were relatively impacted more with an annual retail inflation rate of 6.07 percent, against 4.55 percent for urban areas. The food and beverage sub-index that has the highest weight rose by 5.48 percent from 4.80 percent in May.

The commerce ministry data showed that the wholesale inflation rate rose in June despite marginal increases in the all the three major sub-indices compared with May. The spikes were 1.4 percent for primary articles, 0.6 percent for fuels and 0.1 percent for manufactured products.

Among articles of consumption by the masses, the annual inflation for pulses was whopping 33.67 percent in June, followed by 18.54 percent for onions, 7.47 percent for fruits and 5.18 percent for milk. But prices fell 52.40 percent for potatoes and 2.25 percent for eggs, meat and fish.

The data also reflected the lowering of prices in the fuels sub-index during the month in review. The rates of inflation were (-) 9.7 percent for petrol, (-) 11.86 percent for high-speed diesel and (-) 4.73 percent for cooking gas.

(IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Indian Government to start selling Pulses through Post Offices to keep check on Hoarding and Black Marketing

Union Government will be soon starting the distribution of pulses through the post offices

0
//
186
Pulses. Pixabay

October 16, 2016: In order to keep a check on the black marketing and hoarding of the pulses all across the country, Union Government will be soon starting the distribution of pulses through the post offices.

NewsGram brings to you latest new stories in India

“In the past, we have seen that the cost of pulses increased manifold due to black marketing and hoarding so the Union Government has decided to sell pulses through post offices whenever the need arises,” Minister of Food and Public Distribution Ram Vilas Paswan told the PTI reporters today.

He further said that the post offices were spread in the country and can be easily used for the purpose of selling the pulses at government rates.

“There is a huge network of post offices in the country, every village has a post office and whenever the need arises, we can use them to sell pulses.

The required infrastructure is already available with the Centre and decision in this regard has already been taken,” he said.

Go to NewsGram and check out news related to political current issues

“The government has taken various measures against hoarders and black marketers due to which the prices of pulses have come down,” he said.

[bctt tweet=”Distribution of pulses through the post offices.” username=””]

The Government started the process of linking Aadhaar cards with the ration cards and by so far 69 percent of the task is already completed. He said, so far around two crore fake ration cards have been detected from all across the country.

“Around 10 crore people were getting ration on these fake ration cards which is a very huge number. Online allocation of food grains has been made for every state to maintain transparency,” he said.

Paswan further said that all the point of sales for ration will be connected online which will simplify the process for the people and people from one state will easily get ration from other states as well.

He said that his department has been working on various programs so as to make the distribution of the ration easy for common people of the country.

The consumer forums are also being strengthened so that grievances of the consumers are easily addressed and also at the earliest.

“In big malls and in airlines they don’t have any MRP written on the product, we will make sure that consumers do not have to pay more than the cost of the product,” he said.

“Some celebrities make misleading comments about the product which make people think that the product advertised does wonder. We are planning to take action against the celebrities for those misleading advertisements,” he said.

Look for latest news from India in NewsGram

The committee has also recommended strict punishments which include imprisonment for 2-5 years, he added.

-by NewsGram team with PTI inputs

Next Story