2 weeks ago
WPI inflation eases in July on softer global energy prices
India has a big number called wholesale inflation that shows how much the prices of goods rise before they reach shop shelves.
In July, this number went down just a little, from 9.87 percent in June to 9.78 percent.
The main reason was that energy prices around the world became a bit softer.
Fuel and power prices were still much higher than a year ago, but they rose more slowly than before.
Food prices, however, stayed high at 5.4 percent.
Factory-made goods also cost more because manufacturers were paying more for their materials.
An economist named Rajani Sinha said the world situation is still uncertain, so fuel prices could change again.
A business group called PHDCCI said manufacturing remains strong and hopes interest rates stay steady so companies can borrow at stable costs.
Overall, experts believe wholesale prices will keep rising but may gradually moderate in the coming months.
India's wholesale price inflation (WPI) moderated to 9.78% in July from 9.87% in June.
Economists and industry leaders attributed the easing to softer global energy prices, with fuel and power inflation falling to 20.05% from 27.41%.
Food inflation remained elevated at 5.4% in July, while food articles inflation stood at 5.44%.
Manufacturing inflation stood at 8.29%, reflecting the pass-through of higher input costs and healthy industrial demand.
Experts expect inflationary pressures to gradually moderate, though the outlook remains tied to volatile international energy markets.
- Who
- Economists and industry leaders, including Rajani Sinha of CareEdge Ratings and industry body PHDCCI, analysed the data in India.
- What
- India's wholesale price inflation eased marginally to 9.78% in July from 9.87% in June.
- Where
- India, with the report datelined New Delhi.
- When
- In July, the latest month for which data was reported.
- Why
- Softer global energy prices, particularly lower prices of mineral oils, crude petroleum and natural gas, drove the moderation.
Key facts
- WPI Inflation (July)
- 9.78%
- WPI Inflation (June)
- 9.87%
- Fuel and Power Inflation (July)
- 20.05%
- Fuel and Power Inflation (June)
- 27.41%
- Food Inflation (July)
- 5.4%
- Food Articles Inflation (July)
- 5.44%
- Manufacturing Inflation (July)
- 8.29%
- Manufactured Food Products Inflation
- 8.89%
Quotes
Rajeev Juneja
President of the PHDCCI
“"While the manufacturing sector continues to navigate through high input costs, the neutral stance of the recent monetary policy will support manufacturers by allowing for loans at stable interest rates."”
thehansindia.com
“"Overall, the immediate outlook is one of elevated but potentially moderating wholesale inflation."”
thehansindia.com









