August WPI inflation up at 0.16% after being in negative zone for 4 months


Wholesale price-based inflation jumped to 0.16 per cent in August as in comparison to -0.58 per cent in July, 2020. The figures were released by the Branch for Promotion of Industry and Internal Business on Monday. The figures returned to positive territory after being negative for four straight months.

Meantime, the once a year rate of inflation based on WPI Food Index decreased from 4.32 per cent in July to 4.07 per cent in August and the WPI based inflation stood at -1.81 per cent.

The Wholesale Price Index (WPI) are released on the 14th of each and every month with a time lag of two weeks of the reference month.

The Wholesale Price Index remained in the deflationary territory for fourth straight month till July. Data released by the Trade Ministry final month showed that WPI inflation came in -0.58 per cent year-on-year, compared with -1.81 per cent in June and a 4.5-year low of -3.37 per cent in May.

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