Wholesale price-based inflation declines to 13.93% in July compared to 15.18% in preceding month

Wholesale price-based inflation, WPI eased to 13.93 per cent in July as compared to 15.18 per cent in preceding month. According to the Commerce and Industry Ministry, WPI inflation fell on easing prices of food articles and manufactured products. The Wholesale inflation was at a record high of 15.88 per cent in May this year and stood at 11.57 per cent in July last year.

The WPI inflation continued its declining trend for the second month in July this year but remained in double-digits for the 16th consecutive month beginning April last year. As per the data released on Friday, retail inflation based on Consumer Price Index, CPI, also eased to 6.71 per cent in July this year from 7.01 in preceding month.

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