Economy

WPI Inflation Hits Four-Month High in August

India’s wholesale price inflation rose to 3.24% from a year ago, driven by higher prices of food and fuel products.

A vendor speaks to a customer at his stall at a wholesale fruit and vegetable market in Mumbai, India, August 14, 2017. Credit: Reuters

A vendor speaks to a customer at his stall at a wholesale fruit and vegetable market in Mumbai, India, August 14, 2017. Credit: Reuters

New Delhi: India’s wholesale price inflation rose to 3.24% from a year ago, its fastest pace in four months, driven by higher prices of food and fuel products, data showed.

The rise compares with a 3.0% increase forecast by economists in a Reuters poll and a provisional 1.88% rise in July.

Wholesale food prices in August rose 4.41% on year, compared with a 2.12% rise a month earlier, government data showed on Thursday.

(Reuters)

  • S.N.Iyer

    This figure seems lower than 4%. But that is because this Govt changed the benchmark to
    2012 figure which was high. If the change had not be done all the inflation figures after this Govt took over would have been much higher than 4%!! This Govt also changed the method
    Of computing the GDP to give comparative figures higher than sctual. The question remains on how long can they fool the public and themselves that the economy is doing fine.