At 1.08%, WPI inflation rate slips to over two-year low in July

Inflation rate in food items remained elevated even as it inched down to 6.15 per cent in July

The wholesale price index- (WPI-) based inflation rate fell to a 25-month low of 1.08 per cent in July from 2.02 per cent in the previous month as prices of manufactured items remained almost flat due to subdued economic conditions and continued fall in rates of fuel items, showed official data on Wednesday. 

The retail price inflation rate also dipped in July, but WPI inflation rate dropped sharper. The CPI inflation rate inched down to 3.15 per cent from 3.18 per cent. This has much to do with composition of indices. Food items play an important part in CPI with weight