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WPI inflation eases to 0.9 percent in June

Reuters logo Reuters 14-07-2017

India's wholesale prices further eased to 0.9 percent year-on-year in June, government data showed on Friday, in line with the decline in retail inflation.

The rise compares with a 1.60 percent annual gain forecast by economists in a Reuters poll. In May, prices rose a provisional 2.17 percent.

Wholesale food prices fell 1.25 percent in June, compared with 0.15 percent rise a month ago, the data showed.

FILE PHOTO: A labourer loads a sack of red chilies into a supply truck at a wholesale market in Kolkata © REUTERS/Rupak De Chowdhuri/File Photo FILE PHOTO: A labourer loads a sack of red chilies into a supply truck at a wholesale market in Kolkata

India's annual retail inflation eased to 1.54 percent in June to its slowest pace in more than five years, building pressure on the central bank to cut interest rates when it meets for a policy review on Aug. 2.

(Reporting by Manoj Kumar; Editing by Malini Menon)

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