Headline inflation falls to 9.22% in July
Headline inflation declined to an eight-month low of 9.22 per cent in July as the rate of price rise in food articles and petro-products eased, though pressure remained on manufactured items.
Inflation, as measured by the Wholesale Price Index (WPI), stood at 9.44 per cent in June. It was 9.98 per cent in July, 2010.
As per data released by the government today, the overall inflation figure for May this year has been revised upward to 9.56 per cent from the provisional estimate of 9.06 per cent.
On an annual basis, prices of food articles went up by 8.19 per cent in July, which is lower than the 8.38 per cent inflation recorded in June.
Inflation in overall primary articles, which have a share of over 20 per cent in the WPI basket, stood at 11.30 per cent in July, down from 12.22 per cent in June.
However, prices of manufactured products, which have a weight of around 65 per cent in the WPI basket, went up by 7.49 per cent year-on-year in July.
Inflation in manufactured products has been steadily rising since February this year, when it crossed the 6 per cent mark. It was 7.43 per cent in June.
The index for the fuel and power segment stood at 12.04 per cent year-on-year in July, down from 12.85 per cent in the previous month. The index has a weight of almost 15 per cent in the WPI basket.
In addition, inflation in non-food primary articles moderated to 15.51 per cent in July from 18.57 per cent in June.
The July inflation number is the lowest in eight months. The previous low of 8.20 per cent was reported in November, 2010.
Post new comment