Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
July 28, Friday 2017 4:21 AM       

       HEADLINES: Attack on actress: Rimi Tomy questioned                                              Cabinet decides to hand over Kovalam Palace to R P Group                                              Chennithala demands probe by SC judge in MCI 'scam'                                              It’s confirmed - Kavya Madhavan is pregnant                                              M Vincent’s arrest: Prohibitory order in two taluks of Thiruvananthapuram                                              Amit Shah to contest Rajya Sabha polls from Guj                                              Modi congratulates Nitish after resignation                                              Nitish Kumar back to NDA fold, to take oath as Bihar CM tomorrow                                              Nitish Kumar is new Bihar CM, Sushil Modi his deputy                                              Lalu dubs Nitish an 'opportunist'                                              Britain plans bigger role in Asia post-Brexit: Johnson                                              Trump donates second quarter salary to education department                                              Sri Lanka 38/1 at tea, trail India by 562 runs                                              PKL Season 5 trophy unveiled with 12 captains                                              Kaumudi Facebook
       BUSINESS Next Article: AI union to protest at IGI airport over disinvestment call  
       WPI inflation falls sharply to 0.90% in June, food prices ease
 
         Posted on :20:06:37 Jul 14, 2017
   
A A
       Last edited on:20:06:37 Jul 14, 2017
         Tags: WPI inflation falls sharply to 0.90%
 

NEW DELHI: Wholesale inflation fell to 0.90 per cent in June -- the lowest in at least eight months -- as prices of food articles, including vegetables, declined.

Inflation based on the wholesale price index (WPI) was 2.17 per cent in May 2017 and (-)0.09 per cent in June 2016.

The slowdown in wholesale inflation comes against the backdrop of retail inflation easing to a record low of 1.54 per cent in June.

The WPI figure is at the lowest level in at least eight months -- since the availability of data for the new 2011-12 base year series.

The government data released on Friday showed that prices of food articles contracted by 3.47 per cent in June on a yearly basis. Vegetable inflation stood at (-)21.16 per cent.

Potato saw a maximum deflation of 47.32 per cent, followed by pulses at 25.47 per cent. For onion, deflation was 9.47 per cent in June.

The rate of price increase was 1.93 per cent in cereals while that of protein-rich items like egg, meat and fish was 1.92 per cent in June.

Fuel and power segment saw some cooling of inflation at 5.28 per cent, from 11.69 per cent in May. Manufactured product inflation read 2.27 per cent.

Soon after retail inflation hit a record low, Chief Economic Advisor Arvind Subramanian had said there had been a "paradigm shift" in inflation trajectory and that has been "missed by all."

His comments were seen as an apparent reference to the decision of the Monetary Policy Committee, chaired by RBI Governor Urjit Patel, which has kept the key policy rate unchanged so far this year citing pricing pressures.

Besides, industrial production data showed that the growth in factory output slumped to 1.7 per cent in May, from 8 per cent a year ago.

WPI inflation is calculated on the basis of 2011-12 as the base year. It was revised in May from 2004-05 with an aim to reflect the macroeconomic picture more accurately.

The index basket of the new series has a total of 697 items, including 117 for primary articles, 16 for fuel and power and 564 for manufactured products.

The final print of April WPI inflation remained unchanged at 3.85 per cent.

A A
       BUSINESS
Next Article: AI union to protest at IGI airport over disinvestment call
 
 
BUSINESS HEADLINES
HarperCollins launches business imprint  
Indian banks most at risk among South, S-E Asian peers: Poll  
Rupee surges 21p against dollar after no rate hike by US Fed  
RBI to cut repo rate by 25 bps on Aug 2: HSBC  
China accuses India of 'abusing' trade remedy measures  
Sensex rises 50 pts in early trade on earnings  
'India will emerge as one of biggest markets for IT services  
Nifty tops 10,000 for a moment, Sensex slips from record  
Why has RBI not yet given no. of scrapped notes, asks Oppn  
Rupee softens 5 paise against dollar  
Nifty surpasses 10,000 mark, Sensex up by 102 points in opening trade  
Need examples to deter benami deals, says Jaitley  
Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sabha  
40% of India's GDP outside GST: Chidambaram  
DeMo, GST to widen tax base, make cash dealing difficult: FM  
Pak may face economic instability if reforms stop: IMF  
UN selects Dubai as data hub for MENASA region  
Nifty ends above 9,900, RIL leads  
Sensex's early rise hits a bump, IT weighs  
Australia to help Sri Lanka combat its worst dengue fever  
Niti panel yet to finalise report on autonomous bodies: Govt  
GST win-win deal for all: Jaitley  
Rupee rallies for 3rd session, hits near 6-week high  
NSSO to conduct survey on drinking water in July 2018  
Cabinet clears draft bill to replace GST ordinances for J&K  
 
P U Chithra issue: Is it fair to blame P T Usha?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy