Wholesale inflation in Aug falls to 4-month low of 1.31%

WPI-based inflation fell for second straight month in August after it hit a high of 3.43 per cent in May

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Wholesale inflation fell to a 4-month low of 1.31 per cent in August due to a decline in prices of vegetables and fuel, even though onion and potato prices spiked, according to official data released on Tuesday.

Wholesale price index (WPI)-based inflation fell for the second straight month in August after it hit a high of 3.43 per cent in May. Inflation in July was 2.04 per cent. In August last year, WPI inflation was (-) 0.46 per cent.

"Positive rate of inflation in August 2024 is primarily due to an increase in prices of food articles, processed food products, other manufacturing, manufacture of textiles and manufacture of machinery & equipment etc," the Commerce and Industry Ministry said in a statement.