Wholesale inflation fell to 0.90 per cent in June -- the lowest in at least eight months -- as prices in food articles, including vegetables, declined. The slowdown in wholesale inflation comes against the backdrop of retail inflation easing to a record low of 1.54 per cent in June. 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". WPI inflation is calculated on the basis of 2011-12 as the base year. The final print of April WPI inflation remained unchanged at 3.85 per cent.

Source: dna July 14, 2017 07:18 UTC