WPI inflation cools to multi-year low of 1.08% in July vs 2.02% in June

The government data said inflation in food articles was 6.15 per cent in July as against 6.98 per cent in the previous month

Wholesale price-based inflation declined for the third consecutive month to a 25-month low of 1.08 per cent in July, mainly on account of subdued prices of food items, fuel and manufactured products, government data showed on Wednesday.

The wholesale price index (WPI)-based inflation was at 2.02 per cent in June this year and 5.27 per cent in July 2018.

The previous low for WPI inflation was 0.9 per cent in June 2017.

The consumer price index (CPI)-based retail inflation, which the Reserve Bank of India (RBI) takes into account while deciding its monetary policy, eased marginally to 3.15 per cent