August WPI Inflation In Negative For 5th Straight Month At 0.52%

August WPI Inflation In Negative For 5th Straight Month At 0.52%

The food index inflation in negative to 5.62 per cent in August against 7.75 per cent in July.

FPJ Web DeskUpdated: Thursday, September 14, 2023, 12:43 PM IST
article-image
August WPI Inflation In Negative For 5th Straight Month At 0.52% | Unsplash.com

The August Wholesale Price Index Inflation in negative at 0.52 per cent against -1.36 per cent in July. This is the fifth straight month that the inflation has been in the negative range.

The food index inflation in negative at 5.62 per cent in August against -7.75 per cent in July. The food index is down by 0.9 percent (MoM).

The primary article index was down at 0.5 percent (MoM) and the fuel and power index was up by 3 percent (MoM).

On the other hand, the fuel and power inflation were at -6.03 per cent in August against -12. 79 per cent in July. Manufactured products inflation was also down 2.37 per cent in comparison to -2.51 per cent contraction in July. The manufactured product index was up at 0.1 percent (MoM).

The core inflation rate remained unchanged at -2.2 percent (MoM) and all the commodities index were up at 0.3 percent (MoM).

The Potato inflation was at -24.02 percent in August against -24.40 in July and the onion Inflation was at 31.42 percent in August compared to 7.13 in July. The vegetables inflation stood at 48.39 percent in the month of August in comparison to the previous month.

The eggs, meat, and fish inflation in August were at -2.98 percent in comparison to 1.79 percent in July.

WPI is used to track factory gate prices before retail prices and it measure the change in prices of goods that wholesale businesses sell to trade with other companies in bulk.

RECENT STORIES

The Bell Tolls For Thee! Monetary Policy Rates Hold The Key

The Bell Tolls For Thee! Monetary Policy Rates Hold The Key

Titan Sees 20% Revenue Growth In April-June Despite Softening Of Purchase In Jewellery Division

Titan Sees 20% Revenue Growth In April-June Despite Softening Of Purchase In Jewellery Division

Anthem Biosciences To Launch ₹3,395 Crore IPO On July 14, Offer-For-Sale To Close On July 16

Anthem Biosciences To Launch ₹3,395 Crore IPO On July 14, Offer-For-Sale To Close On July 16

Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury...

Ventive Hospitality And Marriott International Sign Deal For 7 New Hotels, Including Ultra-Luxury...

Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session

Gold Jumps ₹550 On Fresh Buying, Silver Stays Flat For Third Straight Session