India's WPI inflation spikes to 11.39% in August

India's inflation based on wholesale price index (WPI) rose 11.39% YoY in August 2021 compared with 0.41% in August 2020.

"The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum & natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year," the Ministry of Commerce & Industry said in a statement today.

WPI grew 11.16% in July 2021, while the figure for June was 12.07%.

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