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Anand Rathi Report
Wholesale price index inflation for July 2024 softened to 2% (from 3.4% in June-24). The decline was largely on account of the YoY drop in inflation in food articles (due to the favorable base).
Manufactured product inflation continued trending up with a positive print for the third straight month, driven by the rise in prices of chemical and textile products.
While primary articles softened due to the fall in food inflation, inflation in fuel & power inched up on the rise in a few mineral oil products.
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