• Sunday, August 14, 2022

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India’s Wholesale Inflation Eases to 4.53 per cent in August

India’s Wholesale Inflation Eases to 4.53% in August (Photo Credit: PRAKASH SINGH/AFP/Getty Images).

By: Radhakrishna N S

India’s annual rate of inflation, based on monthly wholesale price index (WPI), eased to 4.53 per cent for the month of August, 2018 when compared to 5.09 per cent recorded in the previous month, according to the data released by Ministry of Commerce and Industry on Friday (14). However, the data, 4.53 per cent is higher when compared to the inflation rate of 3.24 per cent recorded during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 3.18 per cent compared to a build-up rate of 1.41 per cent in the…

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