News Details

( 15 Sep 2020)
Retail inflation eases marginally to 6.69% in Aug; wholesale inflation at 5-month high

Retail inflation softened slightly to 6.69 per cent in August as price rise in some food items eased, though wholesale inflation inched up to a five-month high of 0.16 per cent on costlier manufactured goods, official data showed on Monday.

The consumer price index (CPI) based retail inflation was at 6.73 per cent in July, which has been revised downwards from the earlier estimate of 6.93 per cent, as per data released by the National Statistical Office (NSO).

Food inflation reduced marginally to 9.05 per cent as against 9.27 per cent in July (also revised downwards from the earlier 9.62 per cent).

Wholesale price index (WPI) based inflation rose the most in five months, climbing 0.16 per cent in August as manufactured products turned costlier.

WPI inflation had remained in the negative territory since April.

Inflation in food articles during August stood at 3.84 per cent, led by vegetables and pulses at 7.03 per cent and 9.86 per cent, respectively.

In egg, meat and fish segment, it was 6.23 per cent, according to a statement by the commerce and industry ministry.

The rate of price rise in potato was high at 82.93 per cent, while in onion it was (-) 34.48 per cent.

Fuel and power inflation fell slightly to 9.68 per cent in August, as against 9.84 per cent in the previous month.

Manufactured products, however, witnessed hardening of inflation at 1.27 per cent in August, as against 0.51 per cent in July.