The deflation in the wholesale price continued for the third month in a row in June, with WPI contracting to a nearly eight-year low at minus (-) 4.12 per cent on account falling prices of food products, fuel and basic metals, according to official data released today.
At -4.12 percent, the WPI inflation has hit its lowest level since October 2015, when it had fallen to -4.76 percent. In April 2023, it stood at (-)0.92 percent.
Wholesale inflation data comes after the statistics ministry said on June 12 that headline retail inflation fell to a 25-month low of 4.25 percent in May