India July Wholesale Inflation Slows to 5.09%


Wholesale prices in India rose by 5.09 percent year-on-year in July of 2018, after a 5.77 percent gain in the prior month. Figure came in below market estimates of 5.24 percent, as prices of of food fell sharply while cost of manufactured products and fuel went up faster.

In July, cost of primary articles increased much slower (1.7.3 percent from 5.3 percent in June), as cost of food declined (-2.16 percent from 1.8 percent in a month earlier), namely potato (-42.45 percent); onion (-9.5 percent)l and fruits (2.71 percent). Meantime, cost rose at a higher rate for manufactured products (4.26 percent from 417 percent), and fuel and power (18.10 from 16.18 percent). 

On a monthly basis, wholesale prices increased by 0.4 percent, compared to a 1.1 percent rise in June.

India July Wholesale Inflation Slows to 5.09%


Office of the Economic Adviser l Rida | rida@tradingeconomics.com
8/14/2018 7:44:01 AM