WPI inflation eases to 9.78% in July
Summary
- WPI inflation decreased to 9.78% in July, a marginal drop from the previous month.
- This is the first month-on-month decline in WPI inflation under the new 2022-23 base year.
- Food, fuel, and power prices contributed to the easing of inflation.
- The decline in WPI inflation is a significant development in the Indian economy.
Key Facts
- · WPI inflation rate in July: 9.78%
- · Base year for WPI data: 2022-23
- · Factors contributing to easing inflation: food, fuel, and power prices
Why it matters
The easing of WPI inflation has implications for monetary policy decisions and overall economic growth.
#WPI inflation#economy#inflation#monetary policy