India’s wholesale inflation rises to 11.39% in August

India’s inflation based on wholesale price index (WPI) surged to 11.39% in the month of August as against 11.16% in July. The annual rate of inflation is 11.39% (Provisional) for the month of August 2021 as compared to 0.41% in August 2020.

The high rate of inflation in August 2021 is primarily due to rise in prices of non-food articles, mineral oils; crude petroleum & natural gas; manufactured products like basic metals; food products; textiles; chemicals and chemical products etc as compared the corresponding month of the previous year.

Component wise, primary articles index, having weight of 22.62%, increased by (1.56%) to 155.8 (provisional) in August 2021 from 153.4 (provisional) for the month of July 2021. Fuel & Power index, having weight of 13.15%, increased by (1.49%) to 116.0 (provisional) in August 2021 from 114.3 (provisional) for the month of July 2021.

Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by (0.76%) to 133.0 (provisional) in August 2021 from 132.0 (provisional) for the month of July 2021.