Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
1-min read

WPI Inflation Hits 23-Month High of 3.55% in July

Wholesale inflation soared to a 23-month high of 3.55 per cent in July as vegetables, pulses and sugar turned costlier.

Press Trust Of India

Updated:August 16, 2016, 1:55 PM IST
WPI Inflation Hits 23-Month High of 3.55% in July
Representative Image India/REUTERS.

New Delhi: Wholesale inflation soared to a 23-month high of 3.55 per cent in July as vegetables, pulses and sugar turned costlier.

The wholesale price-based inflation, reflecting the annual rate of price rise, in June stood at 1.62 per cent. In July 2015, WPI inflation was (-) 4.00 per cent.

The wholesale inflation last witnessed at a higher level than the July 2016 was in August 2014 at 3.74 per cent.

Wholesale price index (WPI) inflation in vegetables shot up by 28.05 per cent in July, while that in pulses rose 35.76 per cent.

Potato, a daily consumable vegetable, saw the price rise during the month at 58.78 per cent.

Among others, the rate of inflation in sugar was at 32.33 per cent and that for fruits rose by 17.30 per cent during the month.

Overall the food inflation basket showed double digit inflation of 11.82 per cent, according to the Commerce

Ministry data. All items, barring onion, in the basket showed a rising price pressure.

WPI inflation, which was in the negative zone from November 2013 to March 2016, has been firming up for the last four months.

However, deflationary trend continued in some items like onion at (-)36.29 per cent and petrol at (-)10.30 per cent.

The inflation print for manufactured articles read at 1.83 per cent in July, with the rate of price rise in sugar at 32.33 per cent.

The WPI inflation for May has been revised upwards at 1.24 per cent, against provisional estimate of 0.79 per cent.

An elevated wholesale inflation in July follows spike in retail inflation, that too hit a 23-month high of 6.07 per cent well above the RBI's comfortable level.

In its monetary policy last week, the RBI had maintained status quo on key rates citing upside risks to 5 per cent inflation target for March 2017.

Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Yes Bank 111.40 -4.09
Indiabulls Hsg 612.05 -6.51
IndusInd Bank 1,425.40 1.84
Reliance 1,281.00 -0.10
SBI 341.80 1.17
Company Price Change %Gain
Yes Bank 109.00 -6.20
Indiabulls Hsg 624.85 -4.64
Godrej Consumer 670.60 1.97
SBI 341.75 1.18
Reliance 1,281.55 0.00
Top Gainers
Company Price Change %Gain
Vedanta 168.10 2.47
Zee Entertain 346.25 2.41
ICICI Bank 423.95 2.35
IndusInd Bank 1,425.00 1.81
BPCL 384.75 1.75
Company Price Change %Gain
Vedanta 168.15 2.56
ICICI Bank 423.80 2.27
IndusInd Bank 1,425.50 1.88
Power Grid Corp 197.10 1.57
Coal India 259.30 1.61
Top Losers
Company Price Change %Gain
Indiabulls Hsg 611.65 -6.58
Yes Bank 108.90 -6.24
Hindalco 190.70 -1.50
Bharti Infratel 268.20 -1.45
Maruti Suzuki 6,500.95 -1.23
Company Price Change %Gain
Yes Bank 108.95 -6.24
Asian Paints 1,385.10 -1.19
Maruti Suzuki 6,502.55 -1.20
HDFC 2,157.70 -0.64
HUL 1,802.00 -0.79

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results