India’s wholesale inflation eases to 0.9% in June


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

The rise compares and a 1.60 percent annual gain forecast by economists in a Reuters poll. In May, costs climbed a provisional 2.17 percent.

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

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