WPI inflation touches 2-yr low

Manufactured products, however, saw acceleration in the price in July

- SHIVA RAJORA

India's factory gate inflation based on the wholesale price index (WPI) hit a two-year low of -0.58 per cent in July as it remained in negative territory for the second month in a row on the back of decline in the food and fuel prices, according to the data released by the Ministry of Commerce and Industry on Thursday.

However, manufactured products saw acceleration in the price during the month.

The last time the WPI had been this low was in July 2023, when it had recorded a deflation of -1.23 per cent.

Primary food articles saw a deflation of 6.29 per cent in July, which was a third straight month of decline, led by the drop in the prices of onion at 44.4 per cent, potato at -41.3 per cent, vegetables at -28.9 per cent, pulses at -15.12 per cent, fruits -2.65 per cent and protein-rich food items like eggs, meat and fish at -1.09 per cent.