WPI inflation rises to 9.92% in August
Wholesale price inflation rose to 9.92% in August, pushed up by higher prices of food, fuel and manufactured items. Within the manufactured category, WPI inflation touched a series high of 8.37%, up from 8.29% in July. The sharp wholesale reading, alongside rising retail inflation, adds to pressure on the Reserve Bank of India ahead of its policy review.
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WPI trends and their divergence from CPI are commonly tested in economy.
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- WPI inflation climbed to 9.92% in August.
- Manufactured items' WPI hit a series high of 8.37% (from 8.29% in July).
- Food, fuel and manufactured goods drove the rise.
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