WPI Inflation For August Rises To 3.74 Per cent

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The Wholesale Price Index for inflation for the August month rose to 3.74% against 3.55% in July.

"The annual rate of inflation, based on monthly WPI, stood at 3.74% (provisional) for the month of August, 2016 (over August, 2015) as compared to 3.55% (provisional) for the previous month and -5.06% during the corresponding month of the previous year " a govt press release said.

WPI Inflation For August Rises To 3.74 Per cent

The entire primary articles inflation declined by 0.2 percent to 268.9 (provisional) from 269.5 (provisional) for the previous month.

Inflation for food articles declined by 0.6 percent to 284.2 (provisional) from 285.8  (provisional) for the previous month.

Inflation in manufactured products, major group rose by 0.2 percent to 156.7 (provisional) from 156.4 (provisional) for the previous month. 

Know the difference between WPI and CPI Inflation

The Consumer Price Index (CPI) inflation eased to a 5-month low of 5.05% in August. 
The new RBI governor Urjit Patel's first monetary policy review will be on October 4, 2016. In the last monetary policy meet, the RBI had maintained status quo on key rates.

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