The wholesale price-based inflation softened for the second straight month to 11.16 per cent in July on cheaper food items, even though prices of manufactured goods and crude oil hardened.
However, WPI inflation remained in double digit for the third consecutive month in July, mainly due to a low base of last year. WPI inflation was (-) 0.25 per cent, in July 2020.
“The high rate of inflation in July 2021 is primarily due to low base effect and rise in prices of crude petroleum and natural gas; mineral oils; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” the Commerce and Industry Ministry said in a statement.
