India’s wholesale inflation remained at 1.08% in August, the same level as that in the previous month when it had hit a 25-month low as per the Wholesale Price Index (WPI), government data showed on Monday. In August last year, it was 4.62%.
Inflation in fuel and power declined 4%, after a 3.64% fall in July, and that in manufactured products was flat after a 0.34% growth in the trailing month.
“The rate of inflation based on WPI Food Index consisting of ‘food articles’ from primary articles group and ‘food product’ from manufactured products group increased from 4.54% in July, 2019 to 5.75% in August, 2019,” the commerce and industry ministry said in a statement.
AditiNayar, principal economist at ICRA, said, “The weakness in the core WPI inflation in August was broad-based, with 15 of the sub-sectors recording a sequential easing in inflation and as many as nine of the categories recording a year-on-year disinflation.”
