-1536934595.jpg "WPI inflation drops to 4-month low figure of 4.53 percent")
WPI inflation drops to 4-month low figure of 4.53 percent
New Delhi, Sept 14 (IBNS): Inflation based on wholesale prices eased to a four-month low of 4.53 percent in the month of August, said a government data released on Friday.
As per the government data, the WPI based inflation stood at 5.09 percent in July.
In August, the index stood at 3.24 percent in August last year.
"The annual rate of inflation, based on monthly WPI, stood at 4.53% (provisional) for the month of August, 2018 (over August, 2017) as compared to 5.09% (provisional) for the previous month and 3.24% during the corresponding month of the previous year," read a government statement.
"Build up inflation rate in the financial year so far was 3.18% compared to a build up rate of 1.41% in the corresponding period of the previous year," it said.
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