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Tuesday, September 21, 2021

India’s WPI inflation eases to 11.16% in July

India's WPI Inflation July 2021: The wholesale price index (WPI) grew 12.07 per cent during the month of June and it rose to a record high of 13.11 per cent in May, the data from the Ministry of Commerce & Industry showed.

By: Express Web Desk | New Delhi |
Updated: August 16, 2021 1:28:02 pm
Kolkata: Vendors wait for customers at a wholesale fruit market after the ease in the ongoing COVID-19 lockdown restrictions, in Kolkata, Wednesday, June 2, 2021. (PTI Photo)

The wholesale inflation across the country eased to 11.16 per cent in July, the data released by the Ministry of Commerce & Industry showed.

The wholesale price index (WPI) grew 12.07 per cent during the month of June, while the WPI for May was revised to 13.11 per cent from 12.94 per cent, the data showed. The WPI in July 2020 was at (-)0.25 per cent.

“The high rate of inflation in July 2021 is primarily due to low base effect and rise in prices of crude petroleum & natural gas; mineral oils; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” the ministry statement said.

The food articles segment witnessed a ‘zero’ per cent change in July, the data showed. In the month prior to that, this was 3.09 per cent.

Vegetable prices contracted (-) 8.73 per cent in July, against (-) 0.78 per cent in June, the data showed. Pulses prices grew 8.34 per cent last month, while that of fruits slipped (-)3.52 per cent. Eggs, meat and fish prices rose 7.97 per cent in July.

The fuel and power segment eased to 26.02 per cent in July from 32.83 per cent a month ago. Petrol prices rose by 56.58 per cent, HSD (High-Speed Diesel) gained by 52.02 per cent and LPG prices inched by 36.25 per cent.

The manufactured products segment rose 11.20 per cent last month led by a 42.89 per cent jump in vegetable and animal oils and fats.

According to separate data released by the government last week, the retail inflation or consumer price index (CPI) eased to a three-month low of 5.59 per cent in July.

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