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WPI inflation rises to four-month high of 3.24% in August

Inflation in petrol jumped to 24.55% from 9.6 % in August

Indivjal Dhasmana  |  New Delhi 

Retail Inflation
Inflation in tomatoes is expected to come down as prices have fallen drastically in September

Double-digit in and diesel, along with skyrocketing tomato prices, pushed the (WPI)-based up to a four-month high of 3.24 per cent in August, from 1.88 per cent in the previous month. 

This, along with rising (CPI)-based inflation, may prompt the to not cut rates in its policy review next month. CPI-based was at a five-month high of 3.36 per cent in August, compared to 2.36 per cent in July. 

in jumped to 24.55 per cent in August, from 9.6 per cent in the previous month, showed the official data. Similarly, moved up to 20.30 per cent from 5.49 per cent in this period. 

Aditi Nayar, principal economist with ICRA, said the continued rise in prices is expected to push up the mineral oils sub-index in the ongoing month. “However, the subsequent upside risk posed by and other is likely to be limited,” she said. 

She said the Brent crude may not sustain beyond $55 a barrel. Also, daily adjustment in domestic would not allow any shock.

Altogether, in fuel and power doubled to 9.99 per cent from 4.37 per cent. Food more than doubled to 5.75 per cent from 2.15 per cent. in tomatoes rose to 259.7 per cent 209.56 per cent. 

in tomatoes is expected to come down as prices have fallen drastically in September. Onions saw of 88.46 per cent from deflation in the previous few months. 

Even after taking out volatile of and food, core rose to 2.6 per cent from 2.1 per cent due to rise in

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First Published: Fri, September 15 2017. 01:21 IST
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