Economy News
WPI inflation rises to 11.39 pc in August on costlier manufactured goods; food prices soften

The wholesale price-based inflation rose marginally to 11.39 per cent in August, mainly due to higher prices of manufactured goods, even as prices of food articles softened. Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent. In August 2020, WPI inflation was at 0.41 per cent.”The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum and natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year,” the Commerce and Industry Ministry said in a statement.

News Source:- https://www.financialexpress.com/economy/wpi-inflation-rises-to-11-39-pc-in-aug-on-costlier-manufactured-goods-food-prices-soften/2329835/