Advertisement
Thursday, Dec 09, 2021
Outlook.com
Outlook.com

Wholesale Inflation Slows To 5.09% In July On Cheaper Food Articles

For fuel and power and manufactured products, it increased at a faster pace of 18.10 per cent and 4.26 per cent, respectively.

Wholesale Inflation Slows To 5.09% In July On Cheaper Food Articles
| REPRESENTATIVE IMAGE-FILE
Wholesale Inflation Slows To 5.09% In July On Cheaper Food Articles
outlookindia.com
2018-08-14T16:39:02+05:30

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

The wholesale price index (WPI) based inflation was recorded at 5.77 per cent in June. In July 2017, it was at 1.88 per cent.

The wholesale inflation in food articles category was (-)2.16 per cent in July as against  (+) 1.80 per cent in the previous month, the Commere and Industry ministry data showed.

Among others in the basket, vegetable prices fell by 14.07 per cent during the reported month 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 the preceding month.

In pulses category, inflation stood at (-) 17.03 per cent as against (-) 20.23 per cent.

"Primary food articles reverted to a year-on-year disinflation after a gap of three months, driven by vegetables, fruits, as well as pulses. Although, available trends suggest a month-on-month pick up in the prices of vegetables, sugar, milk, pulses and cereals in August 2018, primary food articles may continue to record year-on-year disinflation in the ongoing month," said Aditi Nayar, principal economist, ICRA.

For non-food articles, the inflation during the month under review increased to 3.96 per cent as against 3.81 per cent in June.

For fuel and power and manufactured products, it increased at a faster pace of 18.10 per cent and 4.26 per cent, respectively.

The rise in inflation in these categories was in line with the trend in prices of certain commodities, Nayar further said.

Monday's government data on retail inflation, the key input for the Reserve Bank to review its monetary policy every two months, recorded a nine-month low print at 4.17 per cent on account of cheaper food articles.

PTI

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Farmers' Agitation Suspended; Samyukta Kisan Morcha To Hold Meeting On Jan 15

Farmers' Agitation Suspended; Samyukta Kisan Morcha To Hold Meeting On Jan 15

Farmers will start vacating Delhi border points from Dec 11, this may take some time, says farmer leader Rakesh Tikait.

Farmers' Agitation: Is it Historic Victory For Farmers?

Farmers' Agitation: Is it Historic Victory For Farmers?

Observers consider it even bigger than the anti-displacement land movement of 2006-08 in Singur-Nandigram-Kalinganagr resulting in the scrapping of an archaic land acquisition act in 2013.

How Disdainfully Has BCCI Sacked Virat As ODI Captain

How Disdainfully Has BCCI Sacked Virat As ODI Captain

The decision to ease Virat Kohli out as ODI captain could have been more professionally handled. All BCCI did was mention a line in a release naming the Test squad to South Africa.

Farmers’ Agitation: 'Charddi Kla’ And Stoicism That Defined ‘Anndata’s’ Success

Farmers’ Agitation: 'Charddi Kla’ And Stoicism That Defined ‘Anndata’s’ Success

Farmers’ agitation suspended: The modified tractors fitted with music systems started snarling through the protest camping site at Singhu, while the farmers chanted slogans.

Advertisement