Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

India Wholesale Prices Contract For Third Month In June By 1.81% Year-On-Year

The annual wholesale price index fell in June, mainly because of a fall in fuel prices, from a year earlier, compared to 2.40% fall predicted by analysts

Photo Credit :

1594711129_pmUXNx_2020_07_14T065420Z_1_LYNXNPEG6D0BZ_RTROPTP_3_INDIA_INFLATION_WPI.JPG

India's wholesale price gauge contracted for a third month in June, data released by the Ministry of Commerce and Industry showed on Tuesday, with prices falling 1.81% from a year earlier.

The annual wholesale price index fell in June, mainly because of a fall in fuel prices, from a year earlier, compared to 2.40% fall predicted by analysts in a Reuters poll.

The annual retail inflation, the main gauge for the central bank to monitor prices, however, rose to 6.09% in June, data released on Monday showed.

(Reuters)