The wholesale price-based inflation eased to 13.93 % in July on easing prices of food articles and manufactured products.<\/p>\n
The Wholesale Price Index-based inflation was 15.18 % \u00a0last month and at a record high of 15.88 % \u00a0in May.<\/p>\n
It was 11.57 per cent in July last year.<\/p>\n
The WPI inflation continued its declining trend for the second month in July but remained in double-digits for the 16th consecutive month beginning April last year.<\/p>\n
Inflation in food articles in July eased to 10.77 per cent from 14.39 per cent in June.<\/p>\n
The rate of price rise in vegetables declined substantially to 18.25 per cent in July against 56.75 per cent in the previous month.<\/p>\n
In the fuel and power basket, inflation was 43.75 per cent in July compared to 40.38 per cent in the last month.<\/p>\n
Inflation in manufactured products and oil seeds was 8.16 per cent and (-)4.06 per cent, respectively.<\/p>\n
The Reserve Bank of India mainly looks at retail inflation to frame monetary policy.<\/p>\n
Retail inflation remained above the Reserve Bank’s comfort level for the seventh month in a row and was at 6.71 per cent in July.<\/p>\n
To tame stubbornly high inflation, the RBI has hiked the key interest rate three times this year to 5.40 per cent.<\/p>\n
The central bank had projected retail inflation to average 6.7 per cent in 2022-23.<\/p>\n","protected":false},"excerpt":{"rendered":"
The wholesale price-based inflation eased to 13.93 % in July on easing prices of food articles and manufactured products. The Wholesale Price Index-based inflation was 15.18 % \u00a0last month and at a record high of 15.88 % \u00a0in May. It was 11.57 per cent in July last year. The WPI inflation continued its declining trend […]<\/p>\n","protected":false},"author":59,"featured_media":339005,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/339004"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=339004"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/339004\/revisions"}],"predecessor-version":[{"id":339006,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/339004\/revisions\/339006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/339005"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=339004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=339004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=339004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}