: WPI inflation eases to 11.16 per cent in July #finance #StockMarketNEWS WPI inflation eases to 11.16 per cent in July New Delhi, Aug 16 (KNN) The Wholesale price-based inflation across the country

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WPI inflation eases to 11.16 per cent in July #finance #StockMarketNEWS
WPI inflation eases to 11.16 per cent in July New Delhi, Aug 16 (KNN) The Wholesale price-based inflation across the country eased to 11.16 per cent in July, said a data released by the Ministry of Commerce & Industry on Monday.

The Wholesale Price Index (WPI) grew 12.07 per cent during the month of June, while the WPI for May was revised to 13.11 per cent from 12.94 per cent, the data showed. 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 to the corresponding month of the previous year,” the ministry statement said.

According to data, the food articles segment witnessed a ‘zero’ per cent change in July down from 3.09 per cent in June.

The data also showed that the vegetable prices contracted (-) 8.73 per cent in July, against (-) 0.78 per cent in June while Pulses prices grew 8.34 per cent last month.

Fruit prices slipped (-)3.52 per cent; while eggs, meat and fish prices rose 7.97 per cent in July.

The manufactured products segment rose 11.20 per cent last month against 10.88 per cent in the previous month.

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