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Wholesale inflation shrinks for 4th month

New Delhi: The wholesale price-based inflation was negative for the fourth straight month in July at (-) 1.36% due to easing of prices of fuel. Higher food articles, however, prevented a higher contraction. The contraction came when retail inflation crossed...

Tribune News Service

Updated At : 12:18 PM Aug 17, 2023 IST

New Delhi: The wholesale price-based inflation was negative for the fourth straight month in July at (-) 1.36% due to easing of prices of fuel. Higher food articles, however, prevented a higher contraction. The contraction came when retail inflation crossed the RBI’s comfort zone due to spurt in food price inflation by 14.25% in July against 1.32% in June.

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