India Wholesale Inflation Slows in June

Indian wholesale annual inflation rate slowed to 5.43 percent in June of 2014 from 6.01 percent in the previous month. It is the lowest rate in four months, as prices of onion and vegetables fell further and fuel cost rose at the slowest pace this year.

Year-on-year, food prices rose 8.14 percent in June, the lowest rate since the beggining of the year. Cost of potato jumped 42.52 percent, following a 31.44 percent increase in the previous month. Fruit prices accelerated to 21.4 percent (19.4 percent in May) and milk cost rose at a faster 10.82 percent. In contrast, cost of rice (10.24 percent in June vs 12.75 percent in May) and egg, meat and fish (10.27 percent vs 12.47 percent) slowed. Prices of onion fell for the fifth straight month by 10.7 percent and vegetable cost dropped 5.89 percent.

Prices of fuel and power slowed to an annual 9.04 percent, following a 10.53 percent increase in the previous month while cost of manufactured products accelerated slightly to 3.61 percent from 3.55 percent in May. 

On a monthly basis, the wholesale inflation decelerated to 0.5 percent in June, after rising 0.83 percent in May. 

India Wholesale Inflation Slows in June

Ministry of Commerce and Industry | Joana Taborda |
7/14/2014 8:44:49 AM