File photo of a vegetable market.
File photo of a vegetable market.|IANS

India's August wholesale inflation rises to 0.16%

New Delhi, September 14, 2020

High prices of primary products and manufactured goods prices accelerated India's August wholesale inflation, official data showed on Monday.

On a sequential level, India's annual rate of inflation based on wholesale prices rose to 0.16 per cent in August from (-) 0.58 per cent in July.

The inflation rate based on the WPI had stood at 1.17 in August last year.

"The annual rate of inflation, based on monthly WPI, stood at (0.16 per cent) (Provisional) for the month of August, 2020 (over August, 2019) as compared to 1.17 per cent during the corresponding month of the previous year," the Ministry said in its review of 'Index Numbers of Wholesale Pr ice in India' for August.

In the notes to WPI August, the ministry said: "The WPI for August 2020, have been compiled at a weighted response rate of 76 per cent, while the final figure for June, 2020 is based on the weighted response rate of 88 per cent."

On a sequential basis, the expenses on primary articles, which constitute 22 .62 per cent of the WPI's total weightage, increased 1.60 per cent from 0.63 per cent in July 2020.

Furthermore, the prices of food items remained at elevated levels with a rise of 4.07 per cent from 4.32 per cent reported for July

IANS

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