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Home / News / Business News / Wholesale price inflation touches four-month high at 3.24%
Business

Wholesale price inflation touches four-month high at 3.24%

Wholesale price inflation touches four-month high at 3.24%
Written by Gogona Saikia
Sep 14, 2017, 05:13 pm 1 min read
Wholesale price inflation touches four-month high at 3.24%
Credits:

Wholesale price inflation in India rose to 3.24% in August, double that of 1.88% in July. It was the fastest rise in four months. Last August, it was 1.09%. The rise was attributed to high food and fuel prices. In August'17, wholesale inflation in petrol and diesel also rose 24.55% and 20.30% as compared to the same period last year.

Comparison
Sharp rise in different indices since July

Retail inflation in August rose to a five-month high of 3.36%, up from 2.36% in July. Core inflation jumped to 4.6%, a reflection of the impact of GST. In food, price of vegetables rose at the rate of 6.16%; in comparison, July saw a price fall of 1.67%. Wholesale food prices rose 4.41% a year in August, compared to a 2.12% increased in July.

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“I may be on the side of the angels, but don’t think for one second that I am one of them.” Delhi University. Freethinker. “Social justice warrior”.
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