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Wholesale prices fall 2.4 percent in June

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Reuters NEW DELHI
Last Updated : Jul 14 2015 | 12:28 PM IST

NEW DELHI (Reuters) - India's wholesale prices fell at a faster-than-expected annual rate of 2.4 percent in June, their eighth straight decline, mainly on the back of weak fuel prices, government data showed on Tuesday.

The data compared with a 2.2 percent year-on-year fall forecast by economists in a Reuters poll and a provisional 2.36 percent annual decline in May.

The wholesale food index rose 2.88 percent year-on-year, while fuel prices fell 10.03 percent from a year ago.

(Reporting by Douglas Busvine; Editing by Malini Menon)

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First Published: Jul 14 2015 | 12:22 PM IST

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