Bhubaneswar : Despite rising fuel prices, the country’s wholesale inflation eased at 4.53 percent in the month August, driven by cheaper food items, especially vegetables, latest price data released by the commerce and industry ministry showed on Friday.The wholesale inflation grew 5.09 percent in July and 3.24 in August, 2017.
“The annual rate of inflation, based on monthly WPI, stood at 4.53% (provisional) for the month of August, 2018 (over August, 2017) as compared to 5.09% (provisional) for the previous month and 3.24% during the corresponding month of the previous year. 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” the release by the Ministry said.
The index for Primary articles rose by 0.1 percent to 135.1 (provisional) from 134.9 (provisional) for the previous month. The index of food articles rose by 0.1 percent. The index for Fuel and Power rose by 0.5 percent to 104.9 (provisional) from 104.4 (provisional) for the previous month. On the other hand, the index for manufactured products rose by 0.3 percent to 117.8 (provisional) from 117.4 (provisional) for the previous month.