India's August Wholesale Inflation Rate Stays At 1.08%

India's August Wholesale Inflation Rate Stays At 1.08%

16 Sep 2019 12:44 PM
 

India’s wholesale price inflation rose 1.08% on year in August, unchanged from the previous month, as prices of manufactured items remained steady, while food prices quickened. The August reading beat a median forecast for a 1.04% annual increase.

Wholesale food index rose to 5.75% in August, faster than a 4.54% expansion in the previous month, government data showed today.

Wholesale prices of manufactured products, which has a 64.23% weightage in the WPI, was steady in August, versus an annual 0.34% expansion in July.

Fuel and power costs fell 4% from a year earlier in August, as compared with a 3.64% annual decrease in July.

The government kept June’s wholesale annual inflation reading unchanged at 2.02%.

Today’s data are provisional and can be revised later.

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