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News18
6 days ago
- Business
- News18
WPI Inflation Declines To -0.13% In June As Food And Fuel Prices Drop
Last Updated: Wholesale price inflation dropped to -0.13% in June due to deflation in food, fuel, and manufactured goods. WPI inflation was 0.39% in May and 3.43% last year. Wholesale price inflation (WPI) declined to (-) 0.13 per cent in June as prices of food articles and fuel saw deflation, along with easing in manufactured product costs, government data showed on Monday. WPI-based inflation was 0.39 per cent in May. It was 3.43 per cent in June last year. 'Negative rate of inflation in June, 2025 is primarily due to decrease in prices of food articles, mineral oils, manufacture of basic metals, crude petroleum & natural gas etc," the industry ministry said in a statement. As per WPI data, food articles saw a deflation of 3.75 per cent in June, as against a deflation of 1.56 per cent in May, with vegetables seeing a sharp drop. Deflation in vegetables was 22.65 per cent in June, compared to 21.62 per cent in May. In the case of manufactured products, inflation was at 1.97 per cent, compared to 2.04 per cent in May. Fuel and power saw a negative inflation or deflation of 2.65 pc in June, compared to a deflation of 2.27 pc in May. The Reserve Bank of India (RBI) mainly takes into account retail inflation while formulating the monetary policy. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
6 days ago
- Business
- News18
CPI Inflation In June 2025 Falls To 2.1%, Lowest Since January 2019
The NSO says the significant decline in inflation in June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products. India's retail inflation, based on the Consumer Price Index (CPI), declined to 2.1 per cent in June 2025, according to the latest official data released on Monday, July 14, 2025. It is the lowest inflation print after January 2019. The CPI-based inflation had stood at 2.82 per cent in May 2025 and 5.08 per cent in June 2024. 'Year-on-year inflation rate based on All India Consumer Price Index (CPI) for the month of June 2025 over June 2024 is 2.10% (provisional). There is a decline of 72 basis points in the headline inflation of June 2025 in comparison to May 2025. It is the lowest year-on-year inflation after January 2019," the National Statistics Office (NSO), under the Ministry of Statistics & Programme Implementation, said in a statement on Monday. The previous low of 1.97 per cent was recorded in January 2019. The NSO said the significant decline in headline inflation and food inflation in June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products, meat and fish, cereals and products, sugar and confectionery, milk and products and spices. Upasna Bhardwaj, chief economist at Kotak Mahindra Bank, said, 'The softer-than-expected headline inflation comes on the back of moderating food prices. However, core inflation has ticked up. Overall, the high-frequency mandi prices suggest food prices remain largely muted, except for few vegetable prices. We expect the FY26 inflation to undershoot RBI's estimates of 3.7% by around 50 bps. While comfortable inflation opens room for further monetary easing, we expect the RBI to maintain a pause in the coming 1-2 meetings and remain watchful of the transmission ahead along with global uncertainties." Meanwhile, according to the latest data release separately by the commerce ministry, wholesale price inflation (WPI) declined to (-) 0.13 per cent in June as prices of food articles and fuel saw deflation, along with easing in manufactured product costs, government data showed on Monday. WPI-based inflation was 0.39 per cent in May. It was 3.43 per cent in June last year. Last month, the Reserve Bank of India (RBI) revised its retail inflation projection for FY26 to 3.7%, down from its earlier estimate of 4%. This marks the lowest average retail inflation forecast by the central bank in recent years. The downward revision came alongside a surprise 50 basis points repo rate cut, bringing the key policy rate down to 5.5%, and a 100-bps CRR reduction as the RBI signalled confidence in the easing of price pressures amid a supportive global and domestic backdrop. However, RBI Governor Sanjay Malhotra said, 'While food inflation outlook remains soft, core inflation is expected to remain benign with easing of international commodity prices in line with the anticipated global growth slowdown. The inflation outlook for the year is being revised downwards from the earlier forecast of 4.0 per cent to 3.7 per cent." The next RBI MPC meeting is scheduled for three days between August 4 and August 6. view comments First Published: July 14, 2025, 16:16 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Canada News.Net
15-07-2025
- Business
- Canada News.Net
India's retail inflation hits new 6-year low, driven by falling food prices
New Delhi [India], July 14 (ANI): Continuing its downward trend, retail inflation in India hit a new over six-year low in June, in further respite to common people. According to the statistics ministry, the year-on-year inflation rate based on Consumer Price Index (CPI) for June was 2.10 per cent (provisional), a decline of 72 basis points in headline inflation from May 2025. It is the lowest year-on-year inflation since January 2019. Notably, the year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for June was (-) 1.06 per cent (Provisional). Corresponding inflation rates for rural and urban are (-) 0.92 per cent and (-) 1.22 per cent, respectively. A sharp year-on-year decline of 205 basis points is observed in food inflation in June 2025. The significant decline in headline inflation and food inflation during the month of June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products, meat and fish, cereals and products, sugar and confectionery, milk and products, and spices. The inflation rate is within the Reserve Bank of India's (RBI) manageable range of 2-6 per cent. Retail inflation last breached the Reserve Bank of India's 6 per cent upper tolerance level in October 2024. Since then, it has been in the 2-6 per cent range, which the RBI considers manageable. Food prices were a concern for Indian policymakers, who wished to sustain retail inflation around 4 per cent. Inflation has been a concern for many countries, including advanced economies, but India has largely managed to steer its inflation trajectory well. The RBI held its benchmark repo rate steady at 6.5 per cent for the eleventh consecutive time, before cutting it first time in about five years in February 2025. Analysts expect inflation to remain under control, allowing the RBI to focus on supporting economic growth. The recent 50 basis points repo cut was quite an indication. The inflation outlook for the year 2025-26 has been revised downwards from RBI's earlier forecast of 4 per cent to 3.7 per cent. Separately, Wholesale inflation (WPI) in India turned negative in June at (-) 0.13 per cent as against 0.39 per cent in May. In April 2023, the wholesale inflation went into negative territory. Similarly, in the initial days of COVID-19, in July 2020, the WPI was reported to be negative. In 2023, Wholesale Price Index-based inflation turned negative for seven consecutive months. Notably, the wholesale price index (WPI)- based inflation had been in double digits for 18 months in a row till September 2022, before declining. Economists often say a little rise in wholesale inflation is good, as it typically incentivises goods manufacturers to produce more. (ANI)
Arabian Business
15-07-2025
- Business
- Arabian Business
Saudi inflation holds steady at 2.3% in June 2025 as consumer and wholesale prices stabilise
Saudi Arabia's inflation rate remained stable at 2.3 per cent in June 2025 compared to the same month in 2024, according to the latest data released by the General Authority for Statistics (GASTAT). On a monthly basis, the Consumer Price Index (CPI) also showed no significant movement, holding steady with a 0.2 per cent increase from May 2025. The CPI tracks changes in the prices paid by consumers for a basket of 490 goods and services, compiled using data from the 2018 Household Income and Expenditure Survey. Saudi inflation 2025 The Wholesale Price Index (WPI), which measures changes in prices at the producer level, remained relatively stable at 2.1 per cent year-on-year. However, it saw a slight monthly decline of 0.1 per cent in June. Annual CPI (June 2025 vs June 2024): 2.3 per cent Monthly CPI (June 2025 vs May 2025): 0.2 per cent Annual WPI: 2.1 per cent Monthly WPI change: -0.1 per cent The stability in both consumer and wholesale prices suggests that the Kingdom is maintaining effective inflation control measures, even as other global economies continue to grapple with price volatility and cost-of-living concerns.
Asharq Al-Awsat
15-07-2025
- Business
- Asharq Al-Awsat
Saudi Inflation Rate Remains Stable at 2.3% in June 2025
The General Authority for Statistics (GASTAT) reported that the annual inflation rate in Saudi Arabia remained stable at 2.3% in June 2025 compared to the same month of the previous year. The Consumer Price Index (CPI) also remained steady at 0.2% in June 2025 compared to May 2025, on a monthly basis. Similarly, the Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025 compared to the same month last year. However, the WPI decreased by 0.1% in June 2025 compared to May 2025. According to GASTAT, CPI reflects price changes paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Prices are collected through field visits to points of sale, and the CPI statistics are published monthly.
