August WPI Rises To 3.24% With Spike in Vegetable And Food Article Prices

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An upward push in the price of vegetable prices and food articles has led the WPI index to four month peak figures of 3.24%.. At the same time, when other food articles are witnessing a price rise, pulses due to their low supply are falling in prices.

August WPI Rises To 3.24% With Spike in Vegetable And Food Article Prices

The figure was lower for the month of July and stood ar 1.88% from the current levels. The s rindecx is a measure of the wholesale inflation rate and marks the price movement in respect of bulk purchases by dealers and traders and is a reflection of the prices at the shop level.

Vegetable index registered an high of 8.6%, food articles of 5.75% against July numbers of 2.15%. Food inflation is 4.41% in comparison to 2.15% in July. Non-food articles witnessed a growth in prices by 1.8% while a negative data of -6.32% in July. The fuel and power inflation number registered a growth of 9.99% in comparison to 4.37% in July.

Goodreturns.in

Story first published: Thursday, September 14, 2017, 12:58 [IST]
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