India's Wholesale Inflation At - 0.52 Per Cent, Remains In Negative Territory For Fifth Consecutive Month

India's wholesale price index (WPI)-based inflation increased to (-) 0.52 per cent in August from (-) 1.36 per cent in July, according to the data released by the Office of the Economic Advisor on Thursday (14 September).

However, this is significantly lower than the 12.48 per cent recorded in August 2022.

For the fifth consecutive month, WPI-based inflation remains in negative territory.

The month-on-month change in inflation for all commodities was 0.33 per cent, compared to 2.01 per cent in July. In the primary articles category, it decreased to (-) 0.43 per cent from 8.18 per cent in July.

Wholesale inflation for manufactured products rose to (-) 2.37 per cent in August from (-) 2.51 per cent in July.

The food index experienced a significant decrease from 7.20 percent in July to (-) 0.85 percent in August.

The National Statistical Office (NSO) had earlier reported that the consumer price index (CPI)-based inflation, also known as retail inflation, was 6.83 percent in August, down from a high of 7.44 percent in July.