New Delhi: Wholesale price-based inflation (WPI) rose slightly to 11.39 percent in August, mainly because of the price of higher manufacturing goods, even as the price of food articles softened.
Shooting the two-month easing trend, WPI inflation rose in August and remained in two digits for the fifth consecutive month.
In July 2021, WPI inflation reached 11.16 percent.
In August 2020, WPI inflation was at 0.41 percent.
“The high level of inflation in August 2021 mainly due to the increase in prices of non-food articles, mineral oil; Oil oil and natural gas; manufacturing products such as basic metals; food products; textiles and chemical products etc.
compared to the month according to the previous year, “Trade and the Ministry of Industry in a statement.
Inflation in food articles subsided for the fourth consecutive month, recording (-) 1.29 percent in August, from zero percent in July, even as the price of onions and pulse spikes.
Inflation on onions as high as 62.78 percent, while the pulse is 9.41 percent.
In the vegetables (-) 13.30 percent in August.
Inflation in crude oil and natural gas was 40.03 percent in August.
In manufacturing products, inflation reached 11.39 percent in August, against 11.20 percent in July.
RBI, which mainly takes into account retail inflation, in monetary policy last month kept interest rates unchanged at the lowest record.
It projects CPI or retail inflation by 5.7 percent over 2021-22, up from the previous projection of 5.1 percent.
The data released on Monday showed that retail inflation softened to a four-month low of 5.3 percent in August, from 5.59 percent in the previous month, led by the price of a weak food article.