Wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June, helped by decline in prices of vegetables as well as fuel and power items, according to official data released Monday.
However, onion prices continued the rising trend with inflation at 16.63 per cent during the month, as against 15.89 per cent in May.
WPI inflation in June is the lowest in 23 months, since July 2017, when it was at 1.88 per cent. Inflation in ‘fuel and power’ category cooled substantially to (-)2.20 per cent, from 0.98 per cent last month. Manufactured items too saw decline in prices with inflation at 0.94 per cent in June, against 1.28 per cent in May.