Monday, April 19, 2021
Home Business India's wholesale inflation falls further to (-) 2.4 percent

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

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)

STAY CONNECTED

19,517FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Symptoms Affecting Daily Life Post Covid Recovery

Are you a Covid-19 survivor, but still feel fatigued and not having fully recovered? You may be experiencing what is known as "Long Covid"....

Study Highlights How An Asthma Drug Can Speed Up Recovery From Covid-19

Inhaled budesonide -- primarily an asthma drug -- can shorten recovery time among Covid patients aged over 50, according to a study. Early treatment...

Covid-19 Self-Prescription May Impact Liver, Urge Doctors

The Covid-19 surge across the country has not just led to a scramble for hospital beds but has also resulted in people opting for...

‘Humans Taught To Earn Money But Not Coincide With Nature’, Says Actor Sayaji Shinde

Actor Sayaji Shinde, who is an environment crusader along with being a popular face in the Indian film and theatre world, feels that humans...

A Complete Guide To Learn About Different Bitcoin Trading Strategies!

By Jean Nichols Everyone wants to make massive profits, but it is not an easy task as it requires a lot of knowledge and effort....

Some Of The World’s Oldest Professions That Still Exist Today

BY- Laura Dosil As technology becomes ever increasingly a big part of our lives, particularly in the workplace, there are still some jobs that are...

How The Pandemic Has Changed Working And Learning In India

As India grapples with the second Covid wave amid a seismic shift in the way people work and learn, this year and beyond will...

Can Ayurveda Be Tapped To Fight Covid-19 virus? : Study

Even though Covid-19 vaccination is in full swing, the pandemic continues to affect a huge population, severely affecting the country's economic and social fabric....

Recent Comments