August WPI inflation rises to 9.92% as fuel prices remain high
· Business · Business Standard, PTI, Moneycontrol
India's Wholesale Price Index (WPI) inflation climbed to 9.92% in August, up from 2.86% in July. The increase was primarily driven by a sharp increase in fuel prices and edible products. While food price inflation showed a slight cooling, persistent costs in primary commodities maintained the upward pressure. This jump marks a significant rise in wholesale costs compared to the same period last year.
Why it matters
High WPI inflation puts pressure on manufacturing costs and could eventually lead to higher consumer prices in the retail market.
Read the original report — Business Standard
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