Wholesale inflation rate stood at (-) 0.58 percent during the month of July. It stood at (-) 0.13 percent during the month of June. This was established in the figures issued by the government on Thursday. Wholesale inflation rate stayed at a two-year low of -0.58% during the month of July. The government has informed that the negative rate of inflation is a result of the fall in prices of foodstuffs, mineral oils, crude petroleum, and natural gas, production of basic metals, etc.

In June, wholesale inflation came down to a 20-month low of -0.13%. The Wholesale Price Index (WPI) fell to a 14-month low of 0.39% in May. The Wholesale Price Index, or WPI, measures changes in the prices of goods that wholesale traders sell to other companies and trade with them in bulk. Unlike the Consumer Price Index (CPI), which tracks the prices of goods and services bought by consumers, the WPI tracks factory gate prices before retail prices.