Inflation Eases to 5.19% in July as Five-Month Low
India’s wholesale price index (WPI) based inflation declined to a five-month low of 5.19% in July from 5.43% in the previous month. This ease has come by a moderation in fuel costs.
The government data showed on Thursday states different figures.
The consumer price index (CPI) inflation, on the other hand, rose to 7.96% in July against 7.46% in June.
This reflects the different composition of the CPI-based inflation and the WPI one. While food items constitute over 45% weight in CPI, their weight in WPI is just 14.34%.
The reading for May WPI inflation was revised to 6.18% from 6.01% earlier.