India's wholesale price inflation slowed further in July after crossing 12 percent for the first time in the past few months, official data showed Monday.
The wholesale price index rose 11.16 percent year-on-year following a 12.07 percent increase in June, data from the Ministry of Commerce and Industry showed. In May, inflation was 13.11 percent.
Economists had forecast an 11.30 percent increase. In July 2020, wholesale prices fell 0.25 percent.
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