The rate of inflation declined to 6.87 per cent in July this year, its lowest level since January, 2010, as the rate of price rise in the food articles category eased. But price pressure remained on potatoes, pulses and rice, and manufactured items. Inflation, as measured by the Wholesale Price Index, had stood at 7.25 per cent in June, this year, and at 9.36 per cent in July last year.
Overall, food inflation declined to 10.06 per cent in July, from 10.81 per cent in June. The rate of price rise for manufactured products stood at 5.58 per cent in July this year, against 5 per cent in June. In the food articles category in July, potatoes turned expensive by 73 per cent, rice by 10.12 per cent, cereals by 8.29 per cent, and pulses by 28.26 per cent, on an annual basis. However, inflation in fruits was negative, at minus 0.15 per cent, and for onions at minus 9.81 per cent.