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.