India’s WPI inflation eases to 11.16% in July

India's WPI Inflation July 2021: The wholesale price index (WPI) grew 12.07 per cent during the month of June and it rose to a record high of 13.11 per cent in May, the data from the Ministry of Commerce & Industry showed.

The wholesale inflation across the country eased to 11.16 per cent in July, the data released by the Ministry of Commerce & Industry showed.

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 the corresponding month of the previous year,” the ministry statement said.

 

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