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WPI Inflation Marginally Eases as Fuel Costs Drop

  • India's Wholesale Price Index inflation eased to 9.78% in July, down from 9.87% in June, marking the first monthly decline under the current base year according to Ministry of Commerce and Industry data released Friday.
  • Cooling prices for fuel and power drove the decline, with inflation in that category dropping to 20.05% in July from 27.41% in June, providing significant relief to the overall Wholesale Price Index.
  • Conversely, inflation in Primary Articles increased to 8.52% in July from 7%, while Manufactured Products inflation rose to 8.29% from 7.48%, showing persistent sectoral pressures despite the overall WPI moderation.
  • Ranjeet Mehta, CEO and Secretary General of PHDCCI, noted the immediate outlook remains "one of elevated but potentially moderating wholesale inflation," citing risks from the West Asia war and Strait of Hormuz blockade.
  • Data released earlier this week showed India's retail inflation rose to 4.45% in July from 4.38% in June, while The Reserve Bank earlier this month kept benchmark policy rates unchanged at 5.25%.
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Times of India broke the news in India on Friday, August 14, 2026.
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