: AllIndia WPI inflation eases marginally; comes down to 13.93% in July #FinanceIndia #StockMarketNEWS All-India WPI inflation eases marginally; comes down to 13.93% in July New Delhi, Aug 16 (KNN)

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AllIndia WPI inflation eases marginally; comes down to 13.93% in July #FinanceIndia #StockMarketNEWS
All-India WPI inflation eases marginally; comes down to 13.93% in July New Delhi, Aug 16 (KNN) For the month of July, 2022 the annual rate of inflation based on All-India Wholesale Price Index (WPI) Number is 13.93 per cent, provisionally.

Earlier in June 2022 the WPI-based inflation was at 15.18 per cent.

July’s WPI number is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas, basic metals, electricity, chemicals & chemical products, food products etc. as compared to the corresponding month of the previous year, said the Ministry of Commerce & Industry on Tuesday.

It is the 16th consecutive month beginning April 2021 that the WPI continues to remain in the double digits.

The manufactured products segment eased to 8.16 per cent in July from 9.19 per cent in the month prior and the food articles segment eased to 10.77 per cent in July, as per the government the data.

The fuel and power segment surged 43.75 per cent last month from 40.38 per cent in June.

Petrol price eased to 55.30 per cent from 57.82 per cent month ago, while HSD (High-Speed Diesel) climbed 72.41 per cent from 54.93 per cent. LPG prices eased to 32.00 per cent from 53.20 per cent. (KNN Bureau)