New Delhi: The wholesale price-based inflation eased to 13.93% in July on easing prices of food articles and manufactured products.The Wholesale Price Index-based inflation was 15.18% last month and at a record high of 15.88% in May.It was 11.57% in July last year.The WPI inflation continued its declining trend for the second month in July but remained in double-digits for the 16th consecutive month beginning April last year.Inflation in food articles in July eased to 10.77% from 14.39% in June.The rate of price rise in vegetables declined substantially to 18.25% in July against 56.75% in the previous month.Also read: India’s Food Inflation is Eating the Monthly Budgets of a Million Poor HouseholdsIn the fuel and power basket, inflation was 43.75% in July compared to 40.38% in the last month.Inflation in manufactured products and oil seeds was 8.16% and (-)4.06%, respectively.The Reserve Bank of India mainly looks at retail inflation to frame monetary policy.Retail inflation remained above the Reserve Bank’s comfort level for the seventh month in a row and was at 6.71% in July.To tame stubbornly high inflation, the RBI has hiked the key interest rate three times this year to 5.40%.The central bank had projected retail inflation to average 6.7% in 2022-23.