In July 2024, Consumer Price Index (CPI) inflation dropped to a near five-year low of 3.5%, while Wholesale Price Index (WPI) inflation moderated to 2%. The Purchasing Managers' Index (PMI) declined compared to the previous month. The unemployment rate fell in July 2024. Foreign Institutional Investment (FII) and mutual funds witnessed inflows for the second consecutive month. Crude oil prices rose on a MoM basis.