July wholesale inflation eases to 5-month low of 5.19 percent (Lead)

The Voice of Nation

New Delhi, Aug 14 (IANS) India’s wholesale price inflation in July eased to 5.19 percent compared to 5.43 percent in the previous month, aided by a moderation in fuel costs, government data showed Thursday.

The wholesale price index (WPI) was at 5.85 percent during the corresponding month of the previous year.

The build up inflation rate in the current fiscal was 2.38 percent compared to a build up rate of 3.17 percent in the corresponding period of the previous year, a commerce and industry ministry statement said here.

Consumer price (CPI) inflation, conversely, accelerated to a two-month high of 7.96 percent in July against 7.46 percent in June, pushed up by rising prices of vegetables, fruit and milk.

Consumer food price inflation under a new series published by the government jumped in July to 9.36 percent from 7.97 percent in the previous month.

Where WPI inflation came down, wholesale food…

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