Wholesale price rise at 4-month low of 1.3% in August

India's wholesale price index (WPI)-based inflation eased to a four-month low of 1.31 per cent in August, down from 2.04 per cent in July. This decline was primarily attributed to reduced prices for manufactured goods and food items.

Food price inflation decreased to 3.11 per cent in August, down from 3.45 per cent the previous month, according to data released by the Ministry of Commerce and Industry on Tuesday. The report also indicated a slowdown in the price increases of other major categories, including manufactured products. Additionally, the prices of fuel and power contracted during the same period.

Within the category of food articles, the prices of cereals (up by 8.44 per cent), paddy (up by 9.12 per cent), and pulses (up by 18.57 per cent) experienced a slowdown in their rate of increase. Although onion prices saw a slight moderation to 65.75 per cent, they remained in double digits. Conversely, the prices of potatoes (up by 77.96 per cent) and fruits (up by 16.7 per cent) accelerated during the month.