Wholesale inflation in July falls to multi-year low of 1.08%

Wholesale inflation

New Delhi: Wholesale price-based inflation July fell to a multi-year low of 1.08% mainly on account of cheaper fuel and food items, government data showed on Wednesday.

Inflation based on Wholesale Price Index (WPI) was at 2.02% in June this year and 5.27% in July 2018.

The government data said inflation in food articles was 6.15% in July as against 6.98% in the previous month.

Similarly, wholesale inflation in fuel and power segment contracted further to (-) 3.64% as against (-) 2.2% in June.

The retail inflation in July too had eased to 3.15% over the previous month when it was 3.18%.

This story has been published from a wire agency feed without modifications to the text.

News Source: livemint

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