MUMBAI, Aug. 14 (Xinhua) -- India's wholesale price inflation eased to five-month low of 5.19 percent in July from 5.43 percent a month ago, according to official date released on Thursday.
The fall in the Wholesale Price Index rate was due to decline in fuel prices, which slowed to 7.4 percent in July from 9.04 percent a month ago.
Inflation in the overall food articles basket, which accounts for 14 per cent of the total Wholesale Price Index (WPI), stood at 8.43 per cent. It was at 8.14 per cent in June.
Manufactured items also saw marginally higher inflation at 3.67 percent during July compared with 3.61 percent a month ago.
The Reserve Bank of India (RBI) on August 5 kept its key policy rates unchanged and indicated that it was not ready to relax monetary policy.
Thursday's data comes days after retail inflation hit a two month high, validating the central bank's decision to keep interest rates high despite the broader economy's need for some stimulus to put.
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