Wholesale inflation up at 11.39% in August

Wholesale inflation up at 11.39% in August

The wholesale price-based inflation rose marginally to 11.39% in August, mainly due to costlier manufactured goods, even as food prices softened. Photo for representation only

New Delhi, September 14

The wholesale price-based inflation rose marginally to 11.39% in August, mainly due to costlier manufactured goods, even as food prices softened. Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month.

In July 2021, WPI inflation was 11.16%, while in August 2020 it was 0.41%.

In double digits for fifth month

WPI inflation rose in Aug & remained in double digits for the fifth consecutive month

In July, WPI inflation was 11.16%, while in August 2020, it was 0.41%

Inflation in crude petroleum and natural gas was 40.03% in August

“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 to the corresponding month of the previous year,” the Commerce and Industry Ministry said.

Inflation in food articles eased for the fourth straight month, recording (-) 1.29% in August, against 0% in July, even as onion and pulses prices spiked.

Inflation in onion was high at 62.78%, while that in pulses was 9.41%. In vegetables it was (-) 13.30% in August. Inflation in crude petroleum and natural gas was 40.03% in August. In manufactured products, inflation stood at 11.39% in August.

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