India’s July WPI inflation eases to 1.08%

According to the government data,Wholesale food prices in July rose 4.54% year-on-year, compared with a 5.04% jump a month earlier.

India’s annual wholesale price inflation in July eased to 1.08% from a year ago period, government data showed on Wednesday, boosted by a fall in prices of fuel products.

In a Reuters poll ,the wholesale price inflation was below the forecast of 1.93% and provisional 2.02% in June. (Reuters Photo)

Last month, the wholesale price inflation was below the forecast of 1.93% by economists in a Reuters poll and provisional 2.02% in June.

Wholesale food prices in July rose 4.54% year-on-year, compared with a 5.04% jump a month earlier, the data showed.

(The story has been published from a wire feed without any modifications to the text)