India’s annual wholesale inflation rises from 3.55% to 3.74% in August | business-news | Hindustan Times
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India’s annual wholesale inflation rises from 3.55% to 3.74% in August

India’s annual rate of inflation based on wholesale prices moved up to 3.74% in August, from 3.55% in the month before, as per official data released on Wednesday.

business Updated: Sep 14, 2016 12:36 IST
The annual rate of inflation for some commodities remained rather high: Potatoes (66.72%), pulses (34.55%) and fruits (13.91%).
The annual rate of inflation for some commodities remained rather high: Potatoes (66.72%), pulses (34.55%) and fruits (13.91%). (Reuters file photo)

India’s annual rate of inflation based on wholesale prices moved up to 3.74% in August, from 3.55% in the month before, as per official data released on Wednesday.

Nonetheless, the annual rate of inflation for some commodities remained rather high: Potatoes (66.72%), pulses (34.55%) and fruits (13.91%). But onion prices were down 64.19% in August this year, against the like month of the previous year.

Data released by the commerce and industry ministry further showed that the annual inflation for manufactured products and fuels remained modest at 2.42% and 1.62%, respectively.

Earlier, data on the consumer price index released on Monday by the Central Statistics Office (CSO) had showed that the annual retail inflation had eased by 100 basis points to 5.05% in August.