New Delhi: The wholesale price-based inflation rose marginally to 11.39 per cent in August, mainly due to higher prices of manufactured goods, even as prices of food articles softened.
Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent.
In August 2020, WPI inflation was at 0.41 per cent.
“The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum and natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” the Commerce and Industry Ministry said in a statement.
Inflation in food articles eased for the fourth straight month, recording (-) 1.29 per cent in August, from zero per cent in July, even as onion and pulses prices spiked. Inflation in onions was high at 62.78 per cent, while that in pulses was 9.41 per cent. In vegetables it was (-) 13.30 per cent in August.
Inflation in crude petroleum and natural gas was 40.03 per cent in August.
In manufactured products, inflation stood at 11.39 per cent in August, against 11.20 per cent in July.
The RBI, which mainly takes into account retail inflation, in its monetary policy last month kept interest rates unchanged at record lows. It projected CPI or retail inflation at 5.7 per cent during 2021-22, up from its earlier projection of 5.1 per cent.
Data released on Monday showed that retail inflation softened to a four-month low of 5.3 per cent in August, from 5.59 per cent in the previous month, led by subdued prices of food articles. (PTI)
Indian Legal Lottery Operator Competing for Top British Contract
Ladakh reports 33 new Covid cases
Anti-inflammation drug may effectively treat COVID-19 complications in children: Study
Apple previews new software for iPhone, other gadgets
Petrol price up by Rs 36 a litre, diesel Rs 26.58 in less than 18 months
Petrol, diesel prices hiked again; diesel above Rs 99/litre from Srinagar to Chennai
Gold gains marginally; silver jumps Rs 198
Petrol, diesel prices hiked again
Rupee surges 26 paise against US dollar in early trade
Download 10Cric Casino app, and enjoy Indias most popular casino games, directly on your mobile!
Gamble with real money online! Play Indias favourite casino games at 7Jackpots.com, Indias most trusted online casino site.
© 2020 State Times Daily Newspaper | Powered by Ideogram Technology Solutions [P] Ltd.