August WPI inflation rises to 3.24%


 

WPI inflation consists of primary articles (weight 22.62%), fuel and power (weight 13.15%) and manufactured products (weight 64.23%).

The index for Primary Articles rose by 1.9 percent to 134.9 (provisional) from 132.4 (provisional) for the previous month. The index for Fuel & Power group rose by 0.9 percent to 89.2 (provisional) from 88.4 (provisional) for the previous month. The index for Manufactured Products group rose by 0.2 percent to 112.9 (provisional) from 112.7 (provisional) for the previous month.

The rate of inflation based on WPI Food Index consisting of Food Articles from Primary Articles group and Food Product from Manufactured Products group increased from 2.12% in July, 2017 to 4.41% in August, 2017.

WPI inflation data for the month of September is scheduled to release on October 16, 2017.

The annual rate of inflation, based on monthly WPI, stood at 3.24% (provisional) for the month of August, 2017 (over August,2016) as compared to 1.88% (provisional) for the previous month and 1.09% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 1.41% compared to a build-up rate of 3.25% in the corresponding period of the previous year.


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