New Delhi: The wholesale price-based (WPI) inflation in India rose marginally to 11.39 per cent in August, the Central government said today. Ending the two-month easing trend, WPI inflation rose and remained in double-digit for the fifth consecutive month mainly due to higher prices of manufactured goods, even as prices of food articles softened. In July 2021, the WPI inflation stood at 11.16 per cent, as per a PTI report.
WPI Index, WPI inflation India
- Inflation in crude petroleum and natural gas was 40.03 per cent in August. In manufactured products, inflation stood at 11.39 per cent in August, against 11.20 per cent in July.
- “The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum and natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” PTI reported quoting the Commerce and Industry Ministry statement
- Inflation in food articles eased for the fourth straight month, recording (-) 1.29 per cent in August, from zero per cent in July, even as onion and pulses prices spiked, PTI reported.
- Inflation in onions was high at 62.78 per cent, while that in pulses was 9.41 per cent. In vegetables it was (-) 13.30 per cent in August, as per a PTI report.
- The RBI, which mainly takes into account retail inflation, in its monetary policy last month kept interest rates unchanged at record lows. It projected CPI or retail inflation at 5.7 per cent during 2021-22, up from its earlier projection of 5.1 per cent, as per the PTI report.
- Data released on Monday showed that retail inflation softened to a four-month low of 5.3 per cent in August, from 5.59 per cent in the previous month, led by subdued prices of food articles, PTI reported.
Get real time update about this post directly on your device, subscribe now.