NEW DELHI: Driven by softer energy prices, wholesale price index (WPI) based factory gate inflation moderated to 9.8% in July from a 27-month high of 9.9% in June, official data showed. In comparison, WPI stood at -0.8% in July last year.This is the third consecutive month when wholesale inflation has remained over 9%, as manufactured products and primary articles saw price acceleration. Deceleration in crude (27%) and mineral oil (32.4%) prices helped soften inflation in fuel and power segment to 20% from 27.4% in June.
✍️ Vikrant Kharwar
Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment, technology, and viral stories. His goal is to make news simple, informative, and easy to understand for readers across the United States and around the world.
