WPI Inflation rises sharply in July; mfgd items see slight fall

New Delhi, Aug 14 (KNN) Wholesale inflation rose to 1.88 per cent in July as prices of some commodities increased in the first month of Goods and Services Tax (GST) rollout. However, manufactured products saw slight fall in inflation at 2.18 per cent in July, compared to 2.27 per cent in June.

Inflation based on the wholesale price index (WPI) was 0.90 per cent in June 2017 and 0.63 per cent in July 2016.

According to the official data prices of food articles went up by 2.15 per cent in July on a yearly basis. In June, the prices had contracted by 3.47 per cent.

Vegetable prices which had witnessed a 21.16 per cent contraction in June, shot up by 21.95 per cent in July.

In fuel and power segment, inflation witnessed a decline at 4.37 per cent in July, over 5.28 per cent in the previous month.