Wholesale Price Index inflation rises to 11.39% in August: Centre
Wholesale price-based inflation rose to 11.39 percent in August in India, the Ministry of Trade and Industry said on September 14.
The wholesale price index (WPI) inflation was 0.41 percent in August 2020, the Ministry said in a press release.
Shooting the two-month easing trend, WPI inflation rose in August and remained in two digits for the fifth consecutive month. In July 2021, WPI inflation reached 11.16 percent.
The high inflation rate in August 2021 was mainly due to the increase in prices of non-food articles, mineral oil; crude oil and natural gas; Products produced like basic metals; food product; textile; Chemicals and chemical products, etc. compared to the month according to the previous year, the release was stated.
Inflation in food articles subsided for the fourth consecutive month, recording (-) 1.29 percent in August, from zero percent in July, even with the price of onions and spiked pulses. Inflation in high onions at 62.78 percent, while on pulses is 9.41 percent. In vegetables, it (-) 13.30 percent in August. Inflation in crude oil and natural gas was 40.03 percent in August.
In manufacturing products, inflation reached 11.39 percent in August, against 11.20 percent in July.
Reserve Bank of India (RBI), which mainly takes into account retail inflation, in monetary policy in August keeping interest rates unchanged at the lowest record. It projects CPI or retail inflation by 5.7 percent over 2021-22, up from the previous projection of 5.1 percent.
