WPI Falls To 4 Month Low, Food Prices Soften Further

The official Wholesale Price Index (WPI) for 'All Commodities' (Base: 2011-12=100) for the month of August, 2018 rose by 0.3% to 120.0 (provisional) from 119.7 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 4.53% (provisional) for the month of August, 2018 (over August, 2017) as compared to 5.09% (provisional) for the previous month and 3.24% during the corresponding month of the previous year. This is the lowest mark in last four months for the measure. Build up inflation rate in the financial year so far was 3.18% compared to a build up rate of 1.41% in the corresponding period of the previous year.

The rate of inflation based on WPI Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group decreased from -0.86% in July, 2018 to -2.25% in August, 2018.

For the month of June, 2018, the final Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) stood at 119.1 as compared to 119.2 (provisional) and annual rate of inflation based on final index stood at 5.68% as compared to 5.77% (provisional) respectively as reported on 16.07.2018.

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