WPI inflation rises to 3.74% in Aug, food inflation dn to 8.23% Food inflation fell to 8.23 percent against 11.82 percent in July. Vegetable inflation saw a sharp fall from 28.05 percent in July to 0.17 percent in August.
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The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.74 percent for the month of August, 2016, up from 3.55 percent in July and -5.06 percent during the corresponding month of the previous year.
Food inflation fell to 8.23 percent against 11.82 percent in July. Vegetable inflation saw a sharp fall from 28.05 percent in July to 0.17 percent in August. Core WPI number was estimated around 3.60 percent, which a little less than what came, but mainly the numbers are in line with expectations, says Aditi Nayar, Senior Economist, ICRA. She further said that the WPI will have a limited impact on the RBI's repo rate cut decision but ICRA expects at least one 25 basis points rate cut this year. A rate cut is more likely to happen in December rather than October, she added.
Below is the complete list.
Primary Articles Inflation At 7.47% Vs 9.38% (MoM)
Food Articles Inflation At 8.23% Vs 11.82% (MoM)
Vegetables Inflation At 0.17% Vs 28.05% (MoM)
Pulses Inflation At 34.55% Vs 35.76% (MoM)
Cereals Inflation At 7.23% Vs 7.03% (MoM)
Fruits Inflation At 13.91% Vs 17.3% (MoM)
Egg, Meat & Fish Inflation At 8.75% Vs 7.49% (MoM)
Fuel Inflation At 1.62% Vs -1% (MoM)
Manufactured Products Inflation At 2.42% Vs 1.82% (MoM)
Primary Articles Index Down 0.2% Vs 2.5% Rise (MoM)
Food Articles Index Down 0.6% Vs 2.4% Rise (MoM)
Non-food Articles Index Down 0.1% Vs 2.3% Rise (MoM)
All Commodities Index Down 0.4% Vs 1% Rise (MoM)
Minerals Group Index Up 3.5% Vs 5% Rise (MoM)
Fuel & Power Index Down 3% Vs 0.8% Rise (MoM)
Manufactured Products Index Up 0.2% Vs 0.3% Rise (MoM)
Food Products Index Up 1.1% Vs 1.2% Rise (MoM)
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The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.74 percent for the month of August, 2016, up from 3.55 percent in July and -5.06 percent during the corresponding month of the previous year.
Food inflation fell to 8.23 percent against 11.82 percent in July. Vegetable inflation saw a sharp fall from 28.05 percent in July to 0.17 percent in August. Core WPI number was estimated around 3.60 percent, which a little less than what came, but mainly the numbers are in line with expectations, says Aditi Nayar, Senior Economist, ICRA. She further said that the WPI will have a limited impact on the RBI's repo rate cut decision but ICRA expects at least one 25 basis points rate cut this year. A rate cut is more likely to happen in December rather than October, she added.
Below is the complete list.
Primary Articles Inflation At 7.47% Vs 9.38% (MoM)
Food Articles Inflation At 8.23% Vs 11.82% (MoM)
Vegetables Inflation At 0.17% Vs 28.05% (MoM)
Pulses Inflation At 34.55% Vs 35.76% (MoM)
Cereals Inflation At 7.23% Vs 7.03% (MoM)
Fruits Inflation At 13.91% Vs 17.3% (MoM)
Egg, Meat & Fish Inflation At 8.75% Vs 7.49% (MoM)
Fuel Inflation At 1.62% Vs -1% (MoM)
Manufactured Products Inflation At 2.42% Vs 1.82% (MoM)
Primary Articles Index Down 0.2% Vs 2.5% Rise (MoM)
Food Articles Index Down 0.6% Vs 2.4% Rise (MoM)
Non-food Articles Index Down 0.1% Vs 2.3% Rise (MoM)
All Commodities Index Down 0.4% Vs 1% Rise (MoM)
Minerals Group Index Up 3.5% Vs 5% Rise (MoM)
Fuel & Power Index Down 3% Vs 0.8% Rise (MoM)
Manufactured Products Index Up 0.2% Vs 0.3% Rise (MoM)
Food Products Index Up 1.1% Vs 1.2% Rise (MoM)