Inflation falls to single digit at 9.97 pc in July
Wholesale price-based inflation fell to single digit at 9.97 per cent in July, owing to decline in prices of certain food and non-food items.business Updated: Aug 16, 2010 12:33 IST
Wholesale price-based inflation fell to single digit at 9.97 per cent in July, owing to decline in prices of certain food and non-food items.
The inflation was at 10.55 per cent in June, while for April it was revised upwards to 11.14 per cent from the provisional number of 10.16 per cent.
Inflation was in double digits at over 10 per cent in the last four months to June.
In July, onion prices dipped by 6.85 per cent, while edible oils became cheaper by 0.34 per cent compared to the same period last year. Vegetable prices fell by over 14 per cent and that of potato by over 44 per cent on year-on-year basis.
Cement prices fell by 8.36 per cent and that of non-metallic mineral products by 4.81 per cent on yearly basis.