WPI inflation eases to 12.41% in Aug as prices of manufactured goods dip

August is the 17th consecutive month of double-digit wholesale price inflation (WPI)

The wholesale price-based inflation eased to 11-month low of 12.41 per cent in August, on softening in prices of manufactured and fuel products, even as food items remained expensive.

Although the Wholesale Price Index (WPI) based inflation declined for three consecutive months, it remained in double digit for 17th months beginning April last year.

The inflation was 13.93 per cent in July and 11.64 per cent in August last year. It had touched a record high of 15.88 per cent in May this year.

The inflation was lower than August print in September last year when it was 11.8 per cent.

Inflation in food