All stable, all constant; Wholesale inflation remains unchanged in August at 1.08%

Mumbai, September 16: Showing no positive sign of price cuts neither threatening the masses of price rise, the wholesale inflation in the month of August remained at 1.08 per cent, the same level as the previous month on Monday.

 

 

It is in the month of July that the wholesale inflation, determined by the Wholesale Price Index (WPI) had come in at a 25 month low of 1.08 per cent. Wholesale inflation is the rate of increase in wholesale prices.

 

In the manufacturing products category, which has a weightage of 64.23 per cent on the WPI, negative inflation stood at 0.3 per cent. However, the wholesale inflation in primary articles, which includes items such as fruits, vegetables, wheat, meat and milk, was at 1.3 per cent.

 

Last week, Finance Minister Nirmala Sitharaman has said that retail inflation had been kept under control and well below 4 per cent. August's reading marked the thirteenth straight month in which consumer inflation came in below the Reserve Bank of India's medium term target of 4 per cent.