After retail, there has been a considerable decline in wholesale price index. According to data released on Friday, the wholesale inflation rate was 1.27 percent in June compared to May. Where it was 2.17 percent in May, it was only 0.9 percent in June.
The reason for this is due to falling prices in major commodities including vegetables, pulses. In vegetables, only tomato prices are skyrocketing. But pulses, rice, and other food items have become cheap.
In March, the country’s wholesale inflation rate has reached its lowest level in the last five years. India’s wholesale inflation declined to 5.70 per cent in March, which was 6.55 per cent in the previous month.
Earlier, the ministry had registered an increase of 5.25 per cent to 5.53 per cent in January’s wholesale price index. In the month of February 2017, the country’s wholesale price index was 6.6 percent, which was 5.25 percent in January 2017 and 0.85 percent during the same month of the previous year.
In May, retail inflation based on the Consumer Price Index (CPI) dropped to 2.18 per cent, compared to 2.99 per cent in April. It is being told that retail inflation has once again given relief.
The news is that IIP After changing the base year of the assessment, the growth of the industry has been consistent for second consecutive month. There is a good growth in IIP in April also. IIP Growth in April has increased to 3.1 percent. IIP in March Growth was 2.7 percent.