The supply of perishables like tomato and green vegetables from Uttar Pradesh, Haryana and other states has affected due to rains.
The annual wholesale price index fell in June, mainly because of a fall in fuel prices, from a year earlier, compared to 2.40% fall predicted by analysts in a Reuters poll
From all available indications and macro-economic data, a second round of stimulus is not just the need of the hour, it could be critical to sustain even the lowered economic contraction forecasts.
The Wholesale Price Index (WPI) has hit its lowest level since November 2015, when deflation was 3.7 per cent.
Due to the nationwide lockdown imposed since March 25, the ministry had released truncated WPI inflation data for April, with figures of food, primary articles and fuel and power.
Niti Aayog member Ramesh Chand said the fall in rates is due to an increase in arrival due to better crop production, besides mandi disruption in the wake of COVID-19 pandemic.
The prices had ruled at Rs 14.30 per kg on May 22 last year at the Azadpur wholesale mandi in the national capital, while above Rs 30 per kg in Hyderabad and Bengaluru.
In March wholesale price inflation eased to a four-month low of one per cent, from 2.26 per cent in February as per an official statement.
While falling energy prices have accelerated, it was the third consecutive month of declines, illustrating that the global economy was already slowing before the arrival of the coronavirus.
The inflation in the food basket was 8.76 per cent in March 2020, lower from 10.81 per cent in the previous month, as per the CPI data released by the National Statistical Office.
In another statement, the government also said that in compliance of the provisions of Drugs (Price Control) Order, 2013, the NPPA has increased the ceiling price of 883 scheduled formulations.
In January, the WPI inflation stood at 3.1 per cent and in the year-ago same period it was at 2.93 per cent, as per the data from the commerce and industry ministry.
The annual inflation, based on monthly wholesale price index (WPI), was at 4.47 per cent during the same month a year ago (November 2018).
The annual rate of inflation, based on monthly wholesale price index (WPI), was at 5.22 percent in September 2018.
Wholesale food prices in August rose 5.75% year-on-year, compared with a 4.54% rise a month earlier.
The inflation in food articles with over 15 per cent weightage in WPI basket stood at 6.15 per cent in July, as against 6.98 per cent in the previous month, data released by the Commerce Ministry showed.
Inflation based on Wholesale Price Index (WPI) was at 2.02 per cent in June this year and 5.27 per cent in July 2018.
Vegetable inflation softened to 24.76 per cent in June, down from 33.15 per cent in the previous month.
RBI, on June 6, lowered its benchmark lending rate to a nearly 9-year low of 5.75 per cent, even as it upped its inflation projection to 3-3.1 per cent for the first half of 2019-20.
Wholesale Price Index (WPI)-based inflation was at 3.18 per cent in March. It was 3.62 per cent in April 2018.