India’s August WPI inflation quickens to 11.39%

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FILE PHOTO: Spread of the coronavirus disease (COVID-19) in Delhi

NEW DELHI (Reuters) – India’s annual wholesale price inflation rose to 11.39% in August from the previous month’s 11.16%, mainly due to increases in the cost of fuel and manufactured items, government data showed on Tuesday.

Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured product prices rose 11.39% compared with 11.20% in the previous month.

However, wholesale prices of food rose at a slower pace of 3.43% in August on-year compared to 4.46% in the previous month.

(Reporting by Aftab Ahmed; Editing by Kim Coghill)

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