Wholesale inflation stays in negative for fourth month at 1.36% in July

Wholesale price-based inflation remained negative for the fourth straight month in July 2021 at -1.36%, mainly due to the decline in fuel prices. While food articles became costlier, inflation for food articles went up to 14.25% in July against 1.32% in June. The Reserve Bank of India (RBI) raises its inflation forecast for the current fiscal year to 5.4% from 5.1% earlier on account of food prices. However, the RBI signs tighter policy if food prices continue to rise and drive inflation higher.

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