WPI inflation in July was negative for the fourth consecutive month at (-)1.36% due to falling prices for food and mineral oil.
According to an announcement from the Ministry of Commerce and Industry, the wholesale price-based inflation rate was (-)1.36% in July 2023 compared to (-)4.12% in June 2023. The costs of mineral oils, basic metals, chemicals, and chemical products, textiles, and food items have all decreased since July 2023, according to the report. For the fourth…
