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India's wholesale inflation rate eases to 4.53% in August, 2018

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India's wholesale inflation rate, based on the revised monthly Wholesale Price Index (WPI), with base 2011-12=100, eased further to 4.53 percent in August, 2018 as compared to 5.09 percent for the previous month and 3.24% in the corresponding month of the previous year, provisional data released here today said.
 
The decline in the inflation rate was attributed to a fall in food prices.
 
An official press release, citing the  provisional data, said the official WPI for All Commodities for August, 2018 rose by 0.3% to 120.0 from 119.7 for the previous month.
 
The build-up inflation rate in the financial year so far was 3.18% compared to a build-up rate of 1.41% in the corresponding period of the previous year, it said.
 
The release said the rate of inflation based on WPI Food Index, consisting of Food Articles from Primary Articles group and Food Products from Manufactured Products group, decreased from -0.86% in July, 2018 to -2.25% in August, 2018.
 
It said that the final WPI for June, 2018 stood at 119.1 as compared to 119.2 provisionally reported on July 16. Accordingly, the annual rate of inflation based on the final index for June, 2018 stood at 5.68% as compared to 5.77 percent provisionally reported on that date, it added.
 
NNN

(Our News Desk can be contacted at desk@netindian.in)

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