What remains worrying is that August WPI inflation of 12.41 per cent comes on the back of a high base of 11.64 per cent for the same month last year
The wholesale price index- (WPI-) based inflation rate for August decelerated for the third consecutive month to an 11-month low of 12.41 per cent as pricing pressure from manufactured and fuel items eased despite an increase in food inflation.
Data by the industry department on Wednesday showed food inflation accelerating to 12.37 per cent in August, as prices of wheat, vegetables, fruits and protein-rich items shot up, compared to their level a year ago. Inflation for fuel (33.67 per cent) and manufactured (7.51 per cent) items decelerated. Benefitting from the softening in key commodity prices amid global slowdown concerns, the core WPI inflation dipped to a 17-month low of 7.9 per cent in August.
However, this is the 17th consecutive
First Published: Sep 14 2022 | 7:23 PM IST