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India’s wholesale inflation falls 0.58% in July

14 Aug 2020 Evaluate

India’s inflation based on wholesale price index (WPI) remained negative in the month of July at -0.58% as compared to 1.17% in the corresponding period of the previous year. WPI inflation in June was at -1.81%.

Component wise, primary articles index having weight of 22.62%, increased by (3.16%) to 143.7 (provisional) in July, 2020 from 139.3 (provisional) for the month of June, 2020. Prices of Crude Petroleum & Natural Gas, Food Articles increased, while Non Food Articles and Minerals groups decreased in July 2020 as compared to June 2020.

Fuel & Power index, having weight of 13.15%, increased by (2.72%) to 90.7 (provisional) in July 2020 from 88.3 (provisional) for the month of June, 2020. Prices of mineral oils group increased, while prices of Coal and Electricity decrease as compared to June 2020.

Manufactured Products constituting the major portion of the index with weight of 64.23%, remained unchanged at its previous month level of 118.6. Meanwhile, for the month of May, 2020 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 117.5 and WPI based rate of inflation stood at (-3.37%).

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