WPI-based annual rate of inflation goes up in August
WPI declined by 0.4 percent to 183.1 (provisional) in August from 183.9 (provisional) in July.
According to the release, the annual rate of inflation, based on monthly WPI, stood at 3.74 per cent (provisional) for August, 2016 (over August, 2015) as compared to 3.55 per cent (provisional) for the previous month and -5.06 per cent during the corresponding month of the previous year.
Build up inflation rate in the financial year so far was 4.45 per cent compared to a build up rate of 0.23 per cent in the corresponding period of the previous year, the release said.
The index for the ‘Food Articles’ group declined by 0.6 percent to 284.2 (provisional) from 285.8 (provisional) for the previous month due to lower price of poultry chicken and urad (6% each), moong (5%), arhar and fruits & vegetables (4% each), tea (3%), maize and egg (2% each) and masur (1%).
But the price of gram (8%), mutton (5%), condiments & spices (3%), fish-inland (2 %) and wheat, coffee, fish-marine and barley (1% each) moved up.
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