India’s Wholesale Price Index (WPI) inflation remained in negative territory for the second consecutive month in July, falling to -0.58%, compared to -0.13% in June. This marks the lowest WPI reading in two years, reflecting continued disinflationary pressures in wholesale prices.
The decline was largely driven by a sharp drop in food inflation, which slipped to -2.15% in July from -0.26% in the previous month. This softening in food prices contributed significantly to the overall easing of wholesale inflation.
The sustained negative WPI print signals that input cost pressures for businesses are easing, which could have a broader impact on production costs and pricing trends across sectors. Analysts note that while wholesale inflation has been cooling, the retail inflation trajectory will remain a key factor in shaping future monetary policy decisions.
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