New Delhi: Wholesale price index (WPI)-based inflation is expected to ease further in June for the fourth month in a row, aided by a fall in prices of food items, pulses and vegetables, economists said, ahead of data to be released later on Friday. Economists believe that low WPI means hardly any pricing power at wholesale level, indicating further oversupply in the market. More From Livemint »WPI inflation slowed to 2.17% in May from 3.85% in the previous month. Data released on Wednesday showed that CPI for the month of June had slowed to 1.54% in from 2.18% in May aided by lower food prices. Core WPI inflation, which excludes price volatile commodities like food and oil, is expected to creep up modestly in June, said Nayar.

Source: Mint July 14, 2017 04:52 UTC