Wholesale Price Based Inflation In July 2021 Date Released

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The Government of India has released the Wholesale Price Index based Inflation (WPI) data. Inflation in July stood at 11.16 per cent as against 12.07 per cent in June. It was 12.94 per cent in May. It has declined. However, WPI remained in double digits for the fourth consecutive month in July. WPI inflation stood at negative 1.81 per cent in June 2020.

Food WPI has come down to 4.5 per cent in July. On a month-on-month basis, fuel and power WPI declined from 32.83 per cent to 26 per cent in July. At the same time, the manufactured WPI has increased from 10.9 per cent to 11.2 per cent. Inflation in pulses has come down to 8.3 per cent from 11.5 per cent in June.

Retail inflation also declined

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Earlier, the government also released data on retail inflation. It stood at 5.59 per cent, which is 0.67 per cent lower than in June. It was 6.26 in June 2021 and 6.73 per cent in July 2020. Industrial production in June fell to 13.6 per cent from 29.3 per cent in May. With this, the retail inflation rate has come within the target range of Reserve Bank of India (RBI). According to government data, the reduction is due to a fall in food prices and reduced supply chain disruptions. The government has directed the RBI to keep retail inflation at 4 per cent with a margin of 2 per cent.

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The food plate also became cheaper in July 2021. The Consumer Food Price Index stood at 3.96 per cent in July. Let us tell you that in June this rate was 5.15 percent. Let us inform that in a survey conducted in the past, economists had estimated the July retail inflation to be 5.78 percent. In June, mining production grew by 23.1 percent and electricity generation by 8.3 percent.

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The Government of India has released the Wholesale Price Index based Inflation (WPI) data. Inflation in July stood at 11.16 per cent as against 12.07 per cent in June. It was 12.94 per cent in May. It has declined. However, WPI remained in double digits for the fourth consecutive month in July. WPI inflation stood at negative 1.81 per cent in June 2020.

Food WPI has come down to 4.5 per cent in July. On a month-on-month basis, fuel and power WPI declined from 32.83 per cent to 26 per cent in July. At the same time, the manufactured WPI has increased from 10.9 per cent to 11.2 per cent. Inflation in pulses has come down to 8.3 per cent from 11.5 per cent in June.

Retail inflation also declined

Earlier, the government also released data on retail inflation. It stood at 5.59 per cent, which is 0.67 per cent lower than in June. It was 6.26 in June 2021 and 6.73 per cent in July 2020. Industrial production in June fell to 13.6 per cent from 29.3 per cent in May. With this, the retail inflation rate has come within the target range of Reserve Bank of India (RBI). According to government data, the reduction is due to a fall in food prices and reduced supply chain disruptions. The government has directed the RBI to keep retail inflation at 4 per cent with a margin of 2 per cent.

The food plate also became cheaper in July 2021. The Consumer Food Price Index stood at 3.96 per cent in July. Let us tell you that in June this rate was 5.15 percent. Let us inform that in a survey conducted in the past, economists had estimated the July retail inflation to be 5.78 percent. In June, mining production grew by 23.1 percent and electricity generation by 8.3 percent.

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