WPI inflation eases to a 4-month low

NEW DELHI: Wholesale price inflation eased to a four-month low in Aug, largely led by a moderation in prices of fuel and power, manufactured products and some vegetables.

Data released by commerce and industry ministry on Tuesday showed inflation, as measured by the wholesale price index (WPI), rose 1.3% in Aug, slower than the 2% in July. In Aug last year, the WPI rate was in the negative zone at (-) 0.5%.

The ministry said the positive rate of inflation in Aug, 2024 was primarily due to increasing prices of food articles, processed food products, other manufacturing, manufacturing of textiles and machinery and equipment. Core inflation, which is minus food and fuel, slowed 0.7% in Aug, led by moderation in global commodity prices.