India's wholesale prices decreased for the second straight month in July and at the fastest pace in two years, provisional data from the Ministry of Commerce and Industry revealed on Thursday.
The wholesale price index, or WPI, dropped 0.58 percent year-over-year in July, following a 0.13 percent fall in June. Economists had expected a decline of 0.30 percent.
The decline in food prices deepened to 2.15 percent from 0.26 percent. Similarly, prices for primary articles fell 4.95 percent annually in July versus a 3.38 percent decrease a month ago, and costs for fuel and power also showed a further decline of 2.43 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.