Wholesale inflation rises to 0.16 pc m-o-m in August

The annual rate of inflation based on wholesale price index (WPI) increased to 0.16 per cent in August as compared to 1.17 per cent in the corresponding month of previous year, the government said on Monday.

The annual rate of inflation based on wholesale price index (WPI) increased to 0.16 percent in August as compared to 1.17 percent in the corresponding month of the previous year, the government said on Monday. It was at minus 0.58 percent in July, said a statement issued by the Ministry of Commerce and Industry.

The index for primary articles with a weightage of 22.62 percent increased by 1.81 percent to 146.3 in August from 143.7 in July. Prices of minerals increased by 10.21 percent, crude petroleum and natural gas by 4.72 percent, non-food articles by 3.06 percent, and food articles by 0.93 percent. The index for fuel and power with a weightage of 13.15 percent increased by 0.77 percent to 91.4 in August from 90.7 in July. Prices of mineral oils increased by 1.3 percent while prices of coal and electricity remain unchanged.

The index manufactured products with a weightage of 64.23 percent increased by 0.59 percent to 119.3 from 118.6. Out of the 22 NIC two-digit groups for manufactured products, 11 groups that witnessed an increase in prices are manufacture of food products are beverages, leather, and related products, wood and of products of wood and cork, printing and reproduction of recorded media, pharmaceuticals, medicinal chemical and botanical products, basic metals, electrical equipment, machinery and equipment, and other transport equipment. The food index with a weightage of 24.38 percent consisting of increased from 152 in July to 153.3 in August. The annual rate of inflation based on the WPI food index decreased from 4.32 percent in July to 4.07 percent in August. 

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