WPI inflation eases to 5-month low of 13.93% in July; food prices soften

India's wholesale price inflation in July eased to lowest in five months at 13.93 per cent against 15.18 per cent in June

The wholesale price-based inflation eased to a five-month low of 13.93 per cent in July on easing prices of food articles and manufactured products.

The WPI-based inflation softened for the second consecutive month in July, raising hopes of further decline in wholesale prices in the months to come.

The Wholesale Price Index-based inflation, after scaling a record high of 15.88 per cent in May, declined to 15.18 per cent in June. It was 13.43 per cent in February.

It was 11.57 per cent in July last year.

The WPI inflation continued its declining trend for the second month in July but remained in double-digits