Wholesale Price Index-based Inflation Rises To 11.39 percent In August led by Higher Fuel Prices

New Delhi: According to the latest data released by the government on Tuesday, wholesale price-based inflation (WPI) rose to 11.39 percent in August, from the previous month's 11.16 percent. The Wholesale Price Index (WPI) inflation was 0.41 percent in August 2020, the Ministry of Commerce and Industry stated in a press release.

In August last year, the WPI inflation was 0.41 percent. Fuel and power prices rose 26.09 percent in August 2021 year-on-year compared with 26.02 percent in July.

Manufactured product prices rose 11.39 percent compared with 11.2 percent in the previous month. However, wholesale prices of food rose at a slower pace of 3.43 percent in August on-year compared to 4.46 percent in the previous month. "The high rate of inflation in August 2021 is primarily due to the 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 previous year," said the statement.

 In manufactured products, inflation stood at 11.39 percent in August against 11.2  percent in July. But inflation in food articles fell by 1.29  percent in August from zero percent. Inflation in onions was high at 62.78 percent while that in pulses was 9.41 percent.

 

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