WPI inflation rises to 11.39 percent in August
Wholesale price-based inflation rose marginally to 11.39 per cent in August, mainly due to higher prices of manufactured goods, while moderation in food prices. Breaking the two-month easing trend, WPI inflation rose in August and remained in double digits for the fifth consecutive month. WPI inflation stood at 11.16 per cent in July 2021.
WPI inflation stood at 0.41 per cent in August 2020.
“The higher rate of inflation in August 2021 is mainly due to increase in prices vis-a-vis non-food items, mineral oils, crude petroleum and natural gas, manufactured products like base metals, food products, textiles, chemicals and chemical products etc. same month of last year,” the Ministry of Commerce and Industry said in a statement.
WPI inflation rises to 11.39 percent in August
Food inflation eased for the fourth consecutive month, registering (-) 1.29 per cent in August, from zero per cent in July, even as the prices of onions and pulses rose. The inflation rate of onion stood at 62.78 per cent, while that of pulses stood at 9.41 per cent. In vegetables, it was (-) 13.30 per cent in August.
Inflation in crude petroleum and natural gas stood at 40.03 per cent in August.
Inflation in manufactured products stood at 11.39 per cent in August, as against 11.20 per cent in July.
The RBI, which primarily takes into account retail inflation, kept interest rates unchanged at a record low in its monetary policy last month. It projected CPI or retail inflation at 5.7 per cent during 2021-22, higher than its earlier estimate of 5.1 per cent.
Data released on Monday showed retail inflation slipped to a four-month low of 5.3 per cent in August from 5.59 per cent in the previous month, led by a fall in food prices.
(with PTI inputs)
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