WPI inflation eases marginally to 9.78% in July; food, fuel and power prices cool
Wholesale price index (WPI)-based inflation eased marginally to 9.78% in July as food, fuel and power prices cooled. Officials noted this was the first month-on-month fall in wholesale inflation under the revised 2022-23 base year, signalling some softening of price pressure at the wholesale level even as the headline rate stayed elevated.
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WPI print and its base-year revision are standard economy-and-indices facts.
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- WPI inflation stood at 9.78% in July.
- Food, fuel and power prices cooled during the month.
- First month-on-month decline under the new 2022-23 WPI base year.
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