July WPI inflation hits five-month low at 5.19%

  • PTI, New Delhi
  • Updated: Aug 14, 2014 16:50 IST

Inflation dipped to a five-month low of 5.19% in July mainly on account of decline in prices of some food articles, vegetables and protein-rich items.

It was at 5.43% in June and 5.84 per cent in July 2013.

Inflation in the overall food articles basket, which account for 14% of the total Wholesale Price Index (WPI), stood at 8.43%. It was at 8.14% in June.

Inflation in vegetables declined 1.27%, and for onion it was (-)8.13% on an annual basis in July, as per the WPI data released on Thursday. However, potato prices shot up 46.41% and fruits 31.71% during the month. Rate of price rise in milk was at 10.46%.

Inflation in the egg, meat and fish category stood at 2.71% in July as against 10.27% in the previous month.

While the rate of price rise in pulses was 3.31%, it was at 4.46% for cereals. In rice it was 6.85% and wheat 1.02% in July.

Inflation in the manufactured products was at 3.67%, and non-food articles, which include fibre, oil seeds and minerals, at 3.32%.

Inflation in the fuel and power category, meanwhile, was down at 7.40% from the previous month.

The WPI inflation data was revised upwards for May to 6.18%, from 6.01% as per provisional estimates.

The Reserve Bank in its monetary policy review last week had cautioned that continued uncertainty over monsoon could stoke food inflation, but expressed the hope that government policies will improve supplies in the coming months.

Retail inflation data for July, released earlier this week, showed a marginal inch up to 7.96%.

From Around the Web
Sponsored by Revcontent

also read

Sitharaman wants startups to give wishlist for policy support
Show comments

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Chrome and Ad BlockPlus users

1.Press the ‘ABP’ icon in your toolbar at top right of this page

2. Click on ‘Enabled on this site’; this should now change to ‘Disabled on this site’


chrome



For Chrome and Ad Block users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don’t run on pages on this domain’ and then click ‘exclude’ on the pop up


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Mozilla and AdBlock Plus (ABP) users

1.Press the ‘ABP’ icon in your toolbar

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Internet Explorer and AdBlock Plus users

1.Press the ‘AdBlock Plus’ icon in your status bar at the bottom of the screen

2.Select the option ‘Disable on hindustantimes.com’


chrome

Steps to disable Ad Blocker on your browser


In order to serve content on our website, we rely on advertising revenue which helps us to ensure that we continue to serve high quality unbiased journalism. From our end, we will aim to show clean and unobtrusive ads to provide you with a great browsing experience.

Request to please follow the steps below and once done, please refresh your page.


For Safari and AdBlock users

1.Press the ‘AdBlock’ icon in your toolbar

2.Select the option ‘Don't run pages on this domain’ and then click 'exclude'


chrome