EBM News
EBM News

India’s July Wholesale Price Index to 1.08 per cent

NEW DELHI: Lower prices of key transportation fuels along with food articles eased India’s annual rate of inflation based on wholesale prices to 1.08 per cent in July from 2.02 per cent in June.

Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 5.27 per cent during the corresponding period of 2018.

“The annual rate of inflation, based on monthly WPI, stood at 1.08 per cent (provisional) for the month of July, 2019 (over July 2018) as compared to 2.02 per cent (provisional) for the previous month and 5.27 per cent during the corresponding month of the previous year,” the Ministry said in its review of “Index Numbers of Wholesale Price in India” for July.

“Build up inflation rate in the financial year so far was 1.08 per cent compared to a build-up rate of 3.1 per cent in the corresponding period of the previous year.”