Wholesale price-based inflation in July fell to a multi-year low of 1.08% mainly on account of cheaper fuel and food items, government data showed on Wednesday.
Inflation based on Wholesale Price Index (WPI) was at 2.02% in June this year and 5.27% in July 2018.
The government data said inflation in food articles was 6.15% in July as against 6.98% in the previous month.
Similarly, wholesale inflation in fuel and power segment contracted further to (-) 3.64% as against (-) 2.2% in June.
The retail inflation in July too had eased to 3.15% over the previous month when it was 3.18%.