WPI inflation eases to 11.16% in July; food, crude prices soften

On a month-on-month basis, the Wholesale Price Index moved up 0.6% in July from June 202

Inflation in wholesale prices stood at 11.16% in July, marginally lower than the 12.07% in June, with the pace of price rise moderating in primary articles, food as well as fuel and power, but gaining momentum in manufactured products. On a month-on-month basis, the Wholesale Price Index moved up 0.6% in July from June 2021. Inflation in fuel and power at the wholesale level was at 26.02% in July, down from 36.74% in May and 32.83% in June, while manufactured products inflation accelerated from 10.88% in June to 11.2% in July. The Food Index reported a 4.46% inflation compared to 6.66% in June.