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WPI Inflation Eases to 11.16% in July; Food, Crude Prices Soften

Shortpedia

Content Team
Image Credit: shortpedia

The wholesale price-based inflation softened for the second straight month to 11.16 per cent in July on cheaper food items, even though prices of manufactured goods and crude oil hardened. However, WPI inflation remained in double digit for the third consecutive month in July, mainly due to a low base of last year. WPI inflation was (-) 0.25%, in July 2020.