India’s WPI inflation eases to 11.16% in July

The wholesale inflation throughout the nation eased to 11.16 per cent in July, the information launched by the Ministry of Commerce & Industry confirmed.
The wholesale value index (WPI) grew 12.07 per cent through the month of June, whereas the WPI for May was revised to 13.11 per cent from 12.94 per cent, the information confirmed. The WPI in July 2020 was at (-)0.25 per cent.
“The high rate of inflation in July 2021 is primarily due to low base effect and rise in prices of crude petroleum & natural gas; mineral oils; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” the ministry assertion stated.
The meals articles section witnessed a ‘zero’ per cent change in July, the information confirmed. In the month previous to that, this was 3.09 per cent.

Vegetable costs contracted (-) 8.73 per cent in July, towards (-) 0.78 per cent in June, the information confirmed. Pulses costs grew 8.34 per cent final month, whereas that of fruits slipped (-)3.52 per cent. Eggs, meat and fish costs rose 7.97 per cent in July.
The gasoline and energy section eased to 26.02 per cent in July from 32.83 per cent a month in the past. Petrol costs rose by 56.58 per cent, HSD (High-Speed Diesel) gained by 52.02 per cent and LPG costs inched by 36.25 per cent.

The manufactured merchandise section rose 11.20 per cent final month led by a 42.89 per cent leap in vegetable and animal oils and fat.
According to separate knowledge launched by the federal government final week, the retail inflation or shopper value index (CPI) eased to a three-month low of 5.59 per cent in July.