Wholesale inflation rose to 1.88 per cent in July as prices of some commodities increased in the first month of Goods and Services Tax,GST rollout. Inflation based on the wholesale price index, WPI was 0.90 per cent in June 2017 and 0.63 per cent in July 2016.The data released today showed that prices of food articles went up by 2.15 per cent in July on a yearly basis. In June, the prices had contracted by 3.47 per cent. Vegetable prices which had witnessed a 21.16 per cent contraction in June, shot up by 21.95 per cent in July. However, manufactured products saw slight fall ininflation at 2.18 per cent in July, compared to 2.27 per centin June.
News On AIR | August 14, 2017 2:33 PM
Inflation rises sharply to 1.88% in July