Summary:

India’s Wholesale Price Index (WPI)-based inflation fell to a four-month low of 1.31% in August, down from 2.04% in July, primarily due to reduced prices for manufactured goods and food items. Food inflation decreased to 3.11% from 3.45%, with cereals, paddy, and pulses slowing, while onion prices eased. However, potato prices surged by 77.96%, and fruit prices rose by 16.7%.

Manufactured goods, which account for 64.2% of the index, saw inflation drop to 1.22% in August from 1.58% in July, driven by lower prices for food products, beverages, textiles, and pharmaceuticals. Fuel and power costs also declined, with diesel and petrol prices falling, though cooking gas prices rose by 14.4%. Despite a modest increase to 3.65%, retail inflation remains below the RBI's 4% target.

Source: IBEF 

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