WPI inflation eases marginally to 9.78% in July; food, fuel and power prices cool
Wholesale price index (WPI) inflation eased marginally to 9.78% in July as food, fuel and power prices cooled. This is the first month-on-month drop in WPI inflation under the new 2022-23 base year series. The moderation was driven mainly by softer food, fuel and power costs.
Nabka Insight
A headline inflation print with a base-year first — the figure and the base-year point are examinable.
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- WPI inflation: 9.78% in July.
- First month-on-month fall under the new 2022-23 base year.
- Food, fuel and power prices cooled.
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