INSUBCONTINENT EXCLUSIVE:
Wholesale prices rose 0.16 per cent in August as against deflation of 0.58 per cent in the previous month, official data released by
Ministry of Commerce - Industry showed on Monday
Food price index rose the most, with an advance of 4.07 per cent
While the index of fuel and power prices slumped 9.68 per cent in August.WPI inflation in June was at (-) 1.81 per cent, while for the month
of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively
August marked the first month wherein wholesale prices saw an upward tick.Prices of manufactured products, which has the highest weightage
in the overall Wholesale Price Index (WPI), rose 1.27 per cent from 0.51 per cent in July."The Food Index consisting of 'Food Articles' from
Primary Articles group and 'Food Product' from Manufactured Products group have increased from 152.0 in July, 2020 to 153.3 in August, 2020
The annual rate of inflation based on WPI Food Index decreased from 4.32% in July, 2020 to 4.07% in August, 2020," Ministry of Commerce -
Industry said in a statement.
