SME Times News Bureau | 14 Aug, 2019
Lower prices of key transportation fuels along with
food articles eased India's annual rate of inflation based on wholesale prices
to 1.08 per cent in July from 2.02 per cent in June.
Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data
furnished by the Ministry of Commerce and Industry showed a decelerating trend
as inflation had risen to 5.27 per cent during the corresponding period of
"The annual rate of inflation, based on monthly WPI, stood at 1.08 per
cent (provisional) for the month of July, 2019 (over July, 2018) as compared to
2.02 per cent (provisional) for the previous month and 5.27 per cent during the
corresponding month of the previous year," the Ministry said in its review
of "Index Numbers of Wholesale Price in India" for July.
"Build up inflation rate in the financial year so far was 1.08 per cent
compared to a build up rate of 3.1 per cent in the corresponding period of the