India’s wholesale inflation rate came down to 13.93 percent in July
According to the data released by the Ministry of Commerce and Industry on Tuesday, India’s wholesale inflation rate came down to 13.93 per cent in July. The Wholesale Price Index (WPI) had risen to 15.18 per cent in the month of June. WPI stood at 11.57 per cent in July 2021. The ministry said that inflation in July, 2022 is mainly contributed by increase in prices of mineral oils, food articles, crude petroleum and natural gas, basic metals, power, chemical and chemical products, food products, etc. over the previous month. .
The index for the primary articles group (weighting 22.62 per cent) declined by 2.69 per cent to 177.5 (provisional) in July, 2022 from 182.4 (provisional) for the month of June, 2022, the ministry said. Mineral prices increased by 0.96 per cent in July as compared to June 2022. The prices of food articles (-2.56 per cent), non-food articles (-2.61 per cent) and crude petroleum and natural gas (-5.05 per cent) declined in July, 2022 as compared to June, 2022.