WPI inflation remains flat at 1.08%

The wholesale price-based inflation in August was flat at 1.08% on a month-on-month basis, the government said on Monday.

The official Wholesale Price Index (WPI) for all commodities for August rose by 0.2 to 121.4 from 121.2 for the previous month, said a statement issued by the Ministry of Commerce and Industry.

“The annual rate of inflation based on monthly WPI for August remained unchanged at 1.08% compared to July, and 4.62% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.25% compared to a build up rate of 3.27% in the corresponding period of the previous year,” it said in a statement.

The primary articles inflation in August was at 6.43% versus 5.03% in July.

The rate of inflation based on WPI food index with a weightage of over 24% consisting of food articles from the primary articles group and food product from the manufacturing products group increased from 4.54% in July to 5.75% in August.

The index for manufactured products with a weightage of over 64% declined by 0.3% to 117.8 in August from 118.1 for the previous month.