WPI inflation eases marginally to 9.78% in July; food, fuel and power prices cool
Wholesale price inflation in India eased to 9.78% in July from 9.87% in June, reflecting a decline in fuel, power, and food prices. This marks the first month-on-month drop in inflation under the new 2022-23 base year. The trend suggests potential stabilization in prices, impacting economic forecasts and consumer spending patterns.