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India's wholesale inflation rate slows down to 0.90% in June 2017

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India's headline annual rate of inflation, based on the revised monthly wholesale price index (WPI), with base 2011-12=100, slowed down further to 0.90% in June 2017 as compared to 2.17% for the previous month and -0.09% during  the same month of last year.
 
An official statement, quoting provisional data, said here today that the official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for  June, 2017 declined by 0.1% to 112.7 from 112.8 for the previous month.
 
The statement said build-up inflation rate in teh financial year so far was -0.44% as compared to a build-up rate of 3.71% in the corresponding period of the previous year.
 
The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 0.15% in May, 2017 to -1.25% in June, 2017.
 
The inflation rate for Fuel and Power stood at 5.28% during the month, the statement added.
 
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