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India Wholesale Prices Decline Slows In June

India’s wholesale prices declined at a softer pace in June, data from the Ministry of Commerce & Industry showed on Tuesday.

The wholesale price index declined 1.81 percent year-on-year in June, following a 3.21 percent decrease in May. Economists had expected a 2.40 percent fall.

The primary articles price index declined 1.21 percent annually in June, following a 2.92 percent fall in the previous month.

Food price inflation increased to 2.04 percent in June, while prices for non-food articles declined 2.80 percent.

Fuel and power prices decreased 13.60 percent in June, following a 19.83 percent fall in the prior month.

Prices of manufactured products grew 0.08 in June, after a 0.42 percent fall in the previous month.

The final wholesale prices declined 1.57 percent in April.

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