Wholesale inflation eases to 11.16% in July as food prices soften

Wholesale inflation declined for the second consecutive month to 11.16 per cent in July 2021 from 12.07 per cent in June, even as prices of manufactured goods and crude oil remained elevated. In fact, industry says that inflationary pressure on manufacturing is a cause for concern, particularly for small businesses, especially in these difficult times.  

The wholesale price index (WPI) inflation is at a three-month low but remained in double digits in this fiscal year so far. It was largely due to the low-base effect as there was deflation of 0.25 per cent in July 2020.

The high rate of inflation during