New Delhi, Aug 14 (PTI) Wholesale inflation eased to 5.07 per cent in July on account of cheaper food articles, especially fruits and vegetables, government data showed today. 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. Also Read - Are You Saving Money By Putting in Savings Account? Actually NOT
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 Commerce and Industry ministry data showed. Also Read - Wholesale Inflation at 9-Month High of 1.55% in November on Costlier Manufactured Items, Food Prices Ease
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. Also Read - RBI Keeps Repo Rate Unchanged At 4 Percent, Revises Real GDP Growth Projection For 2020-21
In pulses category, inflation stood at (-) 17.03 per cent as against (-) 20.23 per cent. 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.