July WPI inflation eases to 11.16% y/y, helped by fuel and food items cost

India's annual wholesale price inflation eased to 11.16% in July from the previous month's 12.07%, helped by lower increases in the cost of fuel and food items, government data showed on Monday.

Food prices rose 4.46% in July on the year compared to 6.66% in the previous month while prices of fuel items were up 26.02% year-on-year compared to 32.83% in June, the data showed.

A low-base effect also contributed to the WPI inflation in July, since it stood at minus 0.25% in the corresponding month of 2020.