Current context: Wholesale price-based inflation declined to its 23 month low of 2.02% in June
a. WPI has increased
b. WPI has increased marginally
c. WPI has decreased
d. WPI is stagnant
- The WPI was 2.45% in May
- The WPI was 5.68% in June 2018
- Inflation eased marginally in food articles basket to 6.98 per cent in June from 6.99 per cent in May
- Vegetable inflation softened from 33.15 per cent in the previous month to 24.76 per cent in June
- Inflation in the fuel and power category cooled substantially from 0.98 per cent last month to minus 2.20 per cent
- Manufactured items too saw a decline in prices with inflation at 0.94 per cent in June, against 1.28 per cent in May
- WPI inflation data for April has been revised upwards from provisional 3.07 per cent to 3.24 per cent
Question:
Q.1 Which statement is correct in terms of the recent trend in Wholesale price-based inflation?a. WPI has increased
b. WPI has increased marginally
c. WPI has decreased
d. WPI is stagnant
