Wholesale inflation eases to 5.09% in July

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

business Updated: Aug 14, 2018 13:41 IST
Wholesale inflation,WPI,Prices of items in India
Workers and customers look through the goods at a wholesale food grain and commodities shop in Bangalore. (AFP File Photo)

Wholesale inflation eased to 5.09 per cent in July on account of cheaper food articles, especially fruits and vegetables, government data showed on Tuesday.

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

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

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

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

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

First Published: Aug 14, 2018 13:41 IST