WPI inflation rate edges 0.2% up in June at 2.02%

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The annual rate of inflation based on wholesale price index (WPI) stood at 2.02% in June compared to 2.45% in the previous month, the government said on Monday.

It was 5.68% in June last year, according to a statement released by the Ministry of Commerce and Industry. The official wholesale price index for all commodities (base: 2011-12=100) for June 2019 rose by 0.2% to 121.5 from 121.2 in May.

Build up inflation rate in the financial year so far was 1.33% compared to a build-up rate of 2.41% in the corresponding period of previous year.

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The index for primary articles group (with weightage of 22.6 per cent) rose by 1.4 per cent to 141.4 in June. Under this, the index for food articles group rose by 1.1% to 151.7 from its previous month level of 150.1.

Fruits and vegetables declined by 2% while tea and wheat dipped by 1% each. The items which moved up were fish-marine by 6%, pork, arhar, barley, peas/chawali and moong 4 per cent each, fruits and vegetables and urad 3% each, beef and buffalo meat, masur and maize 2% each and mutton, condiments and spices, rajma and paddy 1% each.

The index for non-food articles’ group rose by 0.7 per cent to 128.7 from 127.8 during May. The index for fuel and power group (with weightage of over 13 per cent) declined by 1.3 per cent to 102.1 from 103.4 in May.

The index for manufactured products (with weightage of 64.23%) remained unchanged at its previous month level of 118.4.

(With ANI inputs)

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