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Business News

Aug 14, 2018
1:56PM

Wholesale inflation eases to 5.09 per cent in July on account of cheaper food articles

BUSINESS TELEVISION INDIA
Wholesale inflation eased to 5.09 per cent in July on account of cheaper food articles, especially fruits and vegetables, government data showed today. 

The Wholesale Price Index based inflation was recorded at 5.77 per cent in June. 
Commere and Industry Ministry data showed the wholesale inflation in food articles was (-)2.16 per cent in July as against  () 1.80 per cent in June.
 
Vegetable prices fell by 14.07 per cent in July as compared to a growth of 8.12 per cent in June. Likewise, there was an 8.81 per cent fall in wholesale prices of fruits in July as against a rise of 3.87 per cent in June.
The retail inflation eased to a nine-month low of 4.17 per cent in July, from 4.9 per cent in June, on account of cheaper food articles, data showed yesterday.

 

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