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India's July wholesale price inflation inflation eases to 1.08%

File photo: A watchman stands next to heaps of sacks filled with paddy at a wholesale grain market in Chandigarh. Photograph:( Reuters )

Reuters Mumbai Aug 14, 2019, 12.36 PM (IST)

India's annual wholesale price inflation in July eased to 1.08% from a year ago period, government data showed on Wednesday, boosted by a fall in prices of fuel products.

Last month, the wholesale price inflation was below the forecast of 1.93% by economists in a Reuters poll and provisional 2.02% in June.

Wholesale food prices in July rose 4.54% year-on-year, compared with a 5.04% jump a month earlier, the data showed.

 

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Last month, the wholesale price inflation was below the forecast of 1.93% by economists in a Reuters poll and provisional 2.02% in June.