Tuesday 19 August 2014

Inflation dips to 5 month low of 5.19 per in July



i. Wholesale inflation dropped to a 5 month low of 5.19 per cent in July this year, due to a fall in vegetable prices compared to the same month last year.

ii. Wholesale Price inflation had stood at 5.43 percent in June this year, and at 5.84 per cent in July last year, according to data released by the government today.

iii. Inflation in the overall food articles basket rose to 8.43 percent in July this year. But vegetables prices as a group actually declined 1.27 percent from last July, although they were up 22.83 percent from June.

iv. Onion prices fell 8.13 per cent, year on year, in July. But potato prices shot up 46.41 per cent, and fruits surged 31.71 per cent in July. Inflation in manufactured products stood at 3.67 percent............ http://onlinepages.in

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