India’s July wholesale prices rise 2.04% on year By Reuters


NEW DELHI (Reuters) -India’s wholesale price inflation slowed in July, government data released on social media showed on Wednesday.

The wholesale price index rose 2.04% in July from a year earlier, compared with a 3.36% rise in June, as per a post on X. Economists polled by Reuters had expected a 2.39% gain during the month.

© Reuters. FILE PHOTO: Labourers unload spices and dry fruits from supply trucks at a wholesale market in the old quarters of Delhi, India, July 22, 2024. REUTERS/Priyanshu Singh/File Photo

Manufactured product prices rose 1.58% year-on-year against a 1.43% increase in the previous month. Fuel and power prices rose 1.72% compared with a 1.03% gain in June.

Earlier this week, data showed the country’s retail inflation fell in July to a near five-year low, as food inflation eased from previous highs due to a base effect.


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