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INDIA
India’s Wholesale Price Index inflation eases to 9.78 pc in July from 9.87 pc in June
India’s wholesale inflation eased marginally to 9.78 per cent in July from 9.87 per cent in June, government data showed. Fuel and power inflation fell sharply, while food inflation increased, with mineral oils, food articles and basic metals driving price pressures.
GlobeSignal-AImedium certainty
- Why it matters
- Wholesale inflation feeds into retail prices; a modest decline suggests some easing of cost pressures on producers, though food inflation rose and commodity prices remain elevated.
- Most affected
- Manufacturers and retailers — Input costs remain high but slightly less steeply than in June.
Consumers buying food — Food price pressures increased, though the excerpt does not quantify the rise. - Watch next
- Whether wholesale inflation continues to ease in August or reverses, and whether fuel prices stabilise or shift further.
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- India WPI Inflation Eases Marginally To 9.78% In July As Food Inflation Rises