Current Affairs

Wholesale Inflation declines in June

Current context: Wholesale price-based inflation declined to its 23 month low of 2.02% in June
Wholesale Inflation declines in June
  • The WPI was 2.45% in May
  • The WPI was 5.68% in June 2018
  • Inflation eased marginally in food articles basket to 6.98 per cent in June from 6.99 per cent in May
  • Vegetable inflation softened from 33.15 per cent in the previous month to 24.76 per cent in June
  • Inflation in the fuel and power category cooled substantially from 0.98 per cent last month to minus 2.20 per cent
  • Manufactured items too saw a decline in prices with inflation at 0.94 per cent in June, against 1.28 per cent in May
  • WPI inflation data for April has been revised upwards from provisional 3.07 per cent to 3.24 per cent

Question: 

Q.1 Which statement is correct in terms of the recent trend in Wholesale price-based inflation?
a. WPI has increased
b. WPI has increased marginally
c. WPI has decreased
d. WPI is stagnant
Wholesale Inflation declines in June Wholesale Inflation declines in June Reviewed by Neha Verma on July 14, 2019 Rating: 5

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