Wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June, helped by decline in prices of vegetables as well as fuel and power items, according to official data released Monday.
The Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May. It was 5.68 per cent in June 2018.
Inflation in food articles basket eased marginally to 6.98 per cent in June, from 6.99 per cent in May.
Vegetable inflation softened to 24.76 per cent in June, down from 33.15 per cent in the previous month. Inflation in potato was (-) 24.27 per cent, against (-) 23.36 per cent in May.
However, onion prices continued the rising trend with inflation at 16.63 per cent during the month, as against 15.89 per cent in May.
WPI inflation in June is the lowest in 23 months, since July 2017, when it was at 1.88 per cent.
Inflation in ‘fuel and power’ category cooled substantially to (-)2.20 per cent, from 0.98 per cent last month. Manufactured items too saw decline in prices with inflation at 0.94 per cent in June, against 1.28 per cent in May.
WPI inflation data for April has been revised upwards to 3.24 per cent from provisional 3.07 per cent.
Data released earlier this week showed that retail inflation spiked to a six-month high of 3.18 pc in June, on costlier food items.
