WPI inflation rises sharply to 3.24% in August

Wholesale inflation rose to a four-month high of 3.24 per cent in August as prices of food articles, led by onions and vegetables, soared.

Inflation based on the wholesale price index (WPI) was 1.88 per cent in July 2017 and 1.09 per cent in August 2016. The last such high level of inflation was witnessed in April when the rate of price rise was 3.85 per cent.

The government data released on Thursday showed that prices of food articles went up by 5.75 per cent in August on a yearly basis, as against 2.15 per cent in July.

Vegetable prices shot up by 44.91 per cent in August, as against 21.95 per cent in July.

Onion prices witnessed a sharp surge at 88.46 per cent in August, as against a contraction of 9.50 per cent in the previous month.

Inflation in manufactured products witnessed a slight increase at 2.45 per cent in August, against 2.18 per cent in July.

In fuel and power segment, inflation saw a sharp surge to a near double digit inflation at 9.99 per cent, against 4.37 per cent in July.

(Agencies)

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