The year-on-year wholesale price inflation of 6.9% for July 2012 , when compared with 9.4% a year ago, shows some softening of the overall inflation rate. At 2.4%, the build-up of inflation up to July during 2011-12 was also lower compared with 3.1% a year ago. Food inflation, covering both primary food articles and manufactured food products, however, had hardened to 8.7% against 8.2% a year ago. Inflation based on the new series of the consumer price index (CPI) was 10% in June 2012, in tandem with CPI for industrial workers at 10.1%.
