August wholesale inflation remains flat at 1.08 pc
New Delhi, Sep 16: The wholesale price-based inflation in August was flat at 1.08 percent on a month-on-month basis, the government said on Monday.
The official Wholesale Price Index (WPI) for all commodities for August rose by 0.2 to 121.4 from 121.2 for the previous month, said a statement issued by the Ministry of Commerce and Industry.
"The annual rate of inflation based on monthly WPI for August remained unchanged at 1.08 compared to July, and 4.62 percent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.25 per cent compared to a build up rate of 3.27 per cent in the corresponding period of the previous year," it said in a statement.
The
primary
articles
inflation
in
August
was
at
6.43
per
cent
versus
5.03
per
cent
in
July.
The
rate
of
inflation
based
on
WPI
food
index
with
a
weightage
of
over
24
per
cent
consisting
of
food
articles
from
primary
articles
group
and
food
product
from
manufactured
products
group
increased
from
4.54
percent
in
July
to
5.75
per
cent
in
August.
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The index for manufactured products with a weight of over 64 percent declined by 0.3 percent to 117.8 in August from 118.1 for the previous month.
Meanwhile, the index for fuel and power with a weightage of over 13 percent rose by 0.1 per cent in August to 100.7 from 100.6 in July, said the statement.