Tuesday, August 16, 2016

WPI inflation up 3.55% in July on higher food prices

The wholesale price index (WPI) based inflation rose to a near two-year high of 3.55 per cent in July on the back of more expensive food items.
It was 1.62 per cent in June, and had contracted to a negative of 4 per cent in July 2015.
Wholesale inflation last witnessed at a higher level than in July 2016 was in August 2014 at 3.74 per cent.
In July, WPI inflation in pulses shot up 35.76 per cent and for vegetables rose 28.05 per cent. The sharpest rise amongst food items was in potato where WPI inflation soared to 58.78 per cent.
Among others, the rate of inflation in sugar was at 32.33 per cent and that for fruits rose by 17.30 per cent during the month. 

Source: Business Line 

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