Retail inflation rises to 6.93 pc in July on higher food prices

The wholesale price-based inflation stood at (-)0.58 pc in July, remaining in the negative zone for the fourth straight month even as vegetables and other food items turned costlier.

WPI inflation in June was (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively.

"The annual rate of inflation, based on monthly WPI (Wholesale Price Index), stood at (- 0.58 per cent) (provisional) for the month of July, 2020 as compared to 1.17 per cent during the corresponding month of the previous year," the commerce and industry ministry said in a statement.