HomeBusinessWholesale Inflation Rises Marginally To 11.39% In August Against 11.16% In July:...

Wholesale Inflation Rises Marginally To 11.39% In August Against 11.16% In July: Government Data

Wholesale Inflation Marginally Rises To 11.39% In August 2021

Wholesale value inflation index for August rose marginally because of enhance in costs of major articles

The Wholesale Price Index (WPI) based mostly inflation rose marginally to 11.39 per cent in August 2021 from 11.16 per cent in July 2021, primarily because of rise in costs of major articles in addition to these of gasoline and energy and manufactured merchandise, in response to information launched by Commerce Ministry on Tuesday.

“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 among other commodities, compared to the corresponding month of the previous year,” an announcement issued by the Commerce Ministry stated.

At the identical time although, WPI inflation remained throughout the double digit vary for the fourth month in a row in August 2021. However it’s significantly down from June 2021 when it had touched 12.07 per cent.

The index for major articles has seen a rise by 1.5 per cent in August 2021 to achieve 155.8. It was 153.4 in July 2021. Prices of minerals, non-food articles and crude petroleum elevated in August which led to a marginal rise in WPI inflation.

The gasoline and energy index additionally elevated to 116 in August from 114.3 in July with costs of mineral oils and coal going up in August 2021.

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