August WPI inflation up at 0.16% after being in negative zone for 4 months

Wholesale price-based inflation jumped to 0.16 per cent in August as compared to -0.58 per cent in July, 2020. The figures were released by the Department for Promotion of Industry and Internal Trade on Monday. The figures returned to positive territory after being negative for four straight months. 

Meanwhile, the annual rate of inflation based on WPI Food Index decreased from 4.32 per cent  in July to 4.07 per cent in August and the WPI based inflation stood at -1.81 per cent. 

The Wholesale Price Index (WPI) are released on the 14th of every month with a time lag of