WPI negative for eighth straight monthhttps://indianexpress.com/article/business/business-others/at-2-4-in-junewpi-negative-for-eighth-straight-month/

WPI negative for eighth straight month

Even the core WPI inflation plunged further to -0.9 per cent in June against -0.6 per cent in the previous month, while the CPI core inflation rose to 4.8 per cent in June.

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The latest inflation figure is just above a revised -2.43 per cent for April, when it had crashed to its lowest in the current inflation series.

Wholesale price index (WPI) inflation remained in the negative zone for an eighth straight month, easing to -2.4 per cent in June from -2.36 per cent in the previous month.

The latest inflation figure is just above a revised -2.43 per cent for April, when it had crashed to its lowest in the current inflation series, with food inflation slowing down consistently since January despite concerns about monsoon.

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The WPI data, released on Tuesday, further widened a gulf with the consumer price index (CPI) inflation — the latter scaled a nine-month peak of 5.4 per cent in June. While the WPI food inflation rose to 2.88 per cent in June from 3.80 per cent in May, the CPI food inflation rose almost 0.7 percentage point to touch 5.48 per cent in June.

Even the core WPI inflation plunged further to -0.9 per cent in June against -0.6 per cent in the previous month, while the CPI core inflation rose to 4.8 per cent in June.