Wholesale Prices Dip Below Zero: Inflation Turns Negative in June

For the first time in several months, wholesale prices have fallen, marking a significant shift in the Indian economy. June saw wholesale price inflation dip into negative territory, registering at -0.13%.

From Positive to Negative: A Look at the Numbers

This negative turn comes after a period of easing inflation. In May, the Wholesale Price Index (WPI) stood at 0.39%, a considerable drop from the 3.43% recorded in June of the previous year. This shift from positive to negative inflation signals a potential change in the economic landscape.

What This Means for You

This drop in wholesale prices could lead to lower costs for businesses, potentially translating to savings for consumers down the line. However, it’s important to monitor the situation closely as deflation can also have negative consequences if prolonged.