Wholesale price-based inflation in July fell to a multi-year low of 1.08 per cent mainly on account of cheaper fuel and food items. Data released by the Government showed inflation in food articles was 6.15 per cent in July as against 6.98 per cent in the previous month. Similarly, wholesale inflation in fuel and power segment contracted further to (-) 3.64 per cent as against (-) 2.2 per cent in June.
The retail inflation last month too had eased to 3.15 per cent over the previous month when it was 3.18 per cent. Inflation based on Wholesale Price Index, WPI was at 2.02 per cent in June this year and 5.27 per cent in July 2018.