India's provisional inflation rate up 1.9% in July

Index growths among all commodity groups turned positive.

India's provisional inflation rate rose to 1.9% YoY for July from 2016's 0.6%, based on the Wholesale Price Index (WPI).

According to India's Ministry of Commerce and Industry, build up inflation rate rose 0.6% YoY from 2016's 3.8%.

The index for primary articles rose by 4.3% from June's 126.9 to July's 132.4. Prices for food articles hiked by 6.2%, non-food articles by 0.6%, and minerals by 2.8%. Crude petroleum and natural gas prices dipped 7.8%.

Prices indexes for the fuel and power group dipped by 1.4% from 89.7 to 88.4.

Manufactured products' index marginally rose by 0.2% from 112.5 to 112.7.

The WPI Food Index, which consists of food articles and food product subgroups, increased from -1.3% in June to 2.1% in July.

Meanwhile, the WPI for May was finalised at 112.9, compared to the provisional rate of 112.8. The annual inflation rate was 2.3%, higher than the initial 2.2%.

Photo from: © Yann Forget / Wikimedia Commons / CC-BY-SA-3.0

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