Wholesale cost inflation index for August rose partially due to increase in rates of main articlesThe Wholesale Rate Index (WPI) based inflation increased partially to 11.39 percent in August 2021 from 11.16 percent in July 2021, generally due to rise in prices of main posts in addition to those of fuel and power and manufactured items, according to information launched by Commerce Ministry on Tuesday.
The high rate of inflation in August 2021 is primarily due to rise in prices of non-food short articles, mineral oils, crude petroleum and gas, produced items like fundamental metals, food products, fabrics, chemicals and chemical products to name a few products, compared to the matching month of the previous year, a declaration issued by the Commerce Ministry said.At the same time though, WPI inflation stayed within the double digit range for the fourth month in a row in August 2021.
However it is substantially below June 2021 when it had touched 12.07 per cent.The index for main posts has seen a boost by 1.5 per cent in August 2021 to reach 155.8.
It was 153.4 in July 2021.
Rates of minerals, non-food posts and crude petroleum increased in August which caused a limited increase in WPI inflation.The fuel and power index likewise increased to 116 in August from 114.3 in July with costs of mineral oils and coal going up in August 2021.