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 today 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.

Source: Times of India July 14, 2017 07:52 UTC