India WPI Deflation at 2.40% in June


Indian wholesale prices fell 2.40 percent year-on-year in June of 2015, following a 2.36 percent drop in the previous month, as the decline in cost of petrol eased while prices of food slowed further. The wholesale inflation has been in negative territory since November of 2014.

Year-on-year, petrol prices fell 9.70 percent, following a 11.29 percent drop in the previous month and cost of diesel decreased by 11.86 percent, following a 11.62 percent fall in May.

Food prices rose 2.88 percent, slowing from a 3.80 percent increase in May. Among food prices, pulses recorded the highest increase (+33.67 percent), followed by onion (+18.54 percent), fruits (+7.47 percent); milk (+5.18 percent); wheat (+1.64 percent); oil seeds (+2.59 percent) and non-food articles (+1.06 percent). In contrast, prices fell for: potato (-52.40 percent); minerals (-28.39 percent); fibres (-11.04 percent); vegetables (-7.07 percent); egg, meat & fish (-2.25 percent); rice (-1.74 percent) and cereals (-0.43 percent).

In June, cost of manufactured products declined by 0.77 percent, after registering a 0.64 percent drop in the previous month.
On a monthly basis, wholesale prices increased 0.5 percent, following a 1.0 percent rise in May.

India WPI Deflation at 2.40% in June


Office of the Economic Adviser l Rida Husna l rida@tradingeconomics.com
7/14/2015 8:52:10 AM