WPI Inflation: August wholesale price inflation in India has risen to 11.39 percent.
WPI Inflation: High prices of primary articles as well as manufactured goods have pushed India’s wholesale inflation to 11.39 per cent in August 2021. The annual rate of inflation based on wholesale prices rose to 11.39 per cent last month from 11.16 per cent in July. Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data presented by the Ministry of Commerce and Industry has risen sharply in August 2020, when it stood at 0.41 per cent.Also Read – WPI Inflation: WPI inflation dips to 11.16 per cent in July due to fall in food prices
The ministry, in its review of ‘Index Numbers of Wholesale Prices in India’ for August, said, “The high rate of inflation in August 2021 was mainly due to non-food items, mineral oils, crude petroleum and natural gas, manufactured products such as base metals, etc. The prices of food products, clothing, chemicals and chemical products etc. have increased as compared to the previous year.” Also Read – Explained: Is inflation the biggest concern and the key to India’s growth lies in the hands of companies?
“The month-on-month change in WPI Index for the month of August, 2021 (as compared to July, 2021) was 1.04 per cent.” Also Read – WPI Inflation: WPI inflation reduced in June due to reduction in food prices, reached 12.07%
(With IANS Inputs)