India WPI - Wholesale Prices Inched Up To 11.4% In August: CARE Ratings
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CARE Ratings Research Report
Wholesale inflation in August 2021 has inched up to 11.4% from 11.2% in July 2021.
Inflation in wholesale prices stood at a subdued 0.4% in August 2020.
The WPI inflation during the month has been higher than our estimate of 10.9%.
Retail inflation measured by the Consumer Price Index retreated to a four-month low of 5.3% in August-21 from 5.6% in the previous month.
Retail inflation during the month has witnessed a moderation while wholesale inflation has picked up marginally.
Wholesale inflation during the month has been driven by an uptick in prices of primary articles coupled with rigid prices in the fuel and manufacturing segment at elevated levels.
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