Minister of State for Finance, Namo Narain Meena today said that decline in inflation is likely to continue with improvement in food supply situation.

Talking to reporters in New Delhi, he said, the South-west monsoon forecast by India Meteorological Department (IMD) is still positive as deficiency in rainfall has come down in the last two weeks.

The Minister said that the decline in June inflation is due to decrease in prices of some non-food articles and fuel items year-on-year basis. Mr Meena added that availability of food articles is expected to increase and this will address supply constraints.

AIR Correspondent reports that the wholesale price index (WPI) based inflation in June, declined to 7.25 per cent from 7.55 per cent in the previous month.