News

Domestic wholesale inflation stood at 0.52 per cent in August, marking a shift from a deflationary reading of 0.58 per cent the previous month. Increasing prices of food products, manufacturing an, non-food, non-metallic mineral products, and transport equipment drove inflation last month, according to an official statement.Wholesale inflation -- or the rate of increase in the wholesale prices of select goods -- is measured with the Wholesale Price Index (WPI). 

Wholesale food inflation -- gauged with the WPI Food Index -- stood at 0.21 per cent in August, as against deflation (negative inflation) of 2.15 per cent in the previous month, according to official data.

Add Zee Business as a Preferred Source

The food index -- carrying a weightage of 24.4 per cent in the WPI -- comprises food articles from the primary articles group and food products from the manufactured products group.

Here are 10 things to know about the latest inflation data set: 

ALSO READ: India's GDP growth to remain steady at 6.5%, another RBI rate cut likely this fiscal year, says report

ALSO READ: At 7-month high, what US inflation signals about Fed meet next week with joblessness already at 4-year peak

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.