Wholesale inflation eases to 5.09% in July

Wholesale inflation eased to 5.07 percent in July on account of cheaper food articles, especially fruits and vegetables, government data showed today.

The wholesale price index (WPI) based inflation was recorded at 5.77 percent in June. In July 2017, it was at 1.88 percent.

The wholesale inflation in food articles category was (-)2.16 percent in July as against (+) 1.80 percent in the previous month, the Commerce and Industry ministry data showed.

Among others in the basket, vegetable prices fell by 14.07 percent during the reported month as compared to a growth of 8.12 percent in June. Likewise, there was an 8.81 percent fall in wholesale prices of fruits in July as against a rise of 3.87 percent in the preceding month.

In pulses category, inflation stood at (-) 17.03 percent as against (-) 20.23 percent.

The retail inflation eased to a nine-month low of 4.17 percent in July, from 4.9 percent in June, on account of cheaper food articles, data showed yesterday.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)