Never miss a story

Get subscribed to our newsletter


×

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.



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)


Popular

Photo found on Pixabay

Books on Delhi

The city of Delhi has seen it all; from sultanate rule, to dynasties, and to colonial rule. From monarchy to democracy, Delhi has gone through its phases. But, in order to know and explore the nuances of Delhi, you must read these beautiful books.

1. City of Djinns: A Year in Delhi by William Dalrymple

Keep Reading Show less
Photo by Viator.

Ghats of Varanasi, one of the oldest cities of India

There are some of the Indian cities which are older than time. Therefore, we must know which cities are they, and what has been their history!

1. Varanasi (1200 BC–)

Keep Reading Show less

Human hair wigs have several advantages over synthetic wigs

By- Digital Hub

I prefer synthetic wigs as it isn't something that I would wear all the time - just when I look different. Additionally, their ease of use is an essential factor for me. However, suppose you're looking to wear a wig for a fashionable accessory or as a way for you to show your personality. In that case, I'd recommend buying multiple synthetic wigs of various styles and colors instead of only the one human hair wig at the same amount. However, be cautious - only purchase top-quality synthetic braids that are more expensive as you might be disappointed by the new style you've chosen.

Keep reading... Show less