August WPI rate remains unchanged, eases on YoY basis

August WPI rate remains unchanged, eases on YoY basis

Published
Hot News
1 min read
Vegetable Market. (File Photo: IANS)
New Delhi, Sep 16 (IANS) The rise in India's August wholesale price inflation (WPI) rate remained flat sequentially, but eased on a year-on-year basis, official data showed on Monday.
Accordingly, the rise in August's WPI remained unchanged at 1.08 per cent on a sequential basis.
However, it eased on a YoY basis. In August 2018, the WPI had risen to 4.62 per cent.
"The annual rate of inflation, based on monthly WPI for August 2019, remained unchanged at 1.08 compared to July 2019 and 4.62 per cent during the corresponding month of the previous year," the Ministry of Commerce & Industry said in its review of August WPI numbers.
"Build up inflation rate in the financial year so far was 1.25 per cent compared to a build up rate of 3.27 per cent in the corresponding period of the previous year."
--IANS
rv/dpb

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!