India's wholesale prices fell at a faster-than-expected annual rate of 2.4 per cent 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 per cent year-on-year fall forecast by economists in a Reuters poll and a provisional 2.36 per cent annual decline in May.
The wholesale food index rose 2.88 per cent year-on-year, while fuel prices fell 10.03 per cent from a year ago.
Image: Customers crowd amid stacked baskets of tomatoes at a wholesale vegetable and fruit market in Chandigarh. Photograph: Ajay Verma/Reuters
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