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WPI inflation ebbs in July after hitting 4-yr high

Tuesday, August 14, 2018, 6:47
This news item was posted in Business category and has 0 Comments so far.

After hitting four-year high in June, the WPI inflation has ebbed a little to 5.09 per cent in the month of July, official data released today showed.Inflation measured by the Wholesale Price Index (WPI) was at four year high of 5.77 per cent in the month of June owing to high food and fuel prices.Jul WPI primary articles inflation stood at 1.73%, down from 5.3% in June while July WPI manufactured products inflation was measured at 4.26% against 4.17% in June.Another reason for the decrease in WPI inflation is the reduction in food inflation which contracted to -0.86% last month

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