September 24, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

India’s August WPI inflation quickens to 11.39% on higher fuel prices

India’s annual wholesale price inflation rose to 11.39% in August from the previous month’s 11.16%, mainly due to increases in the cost of fuel and manufactured items, government data showed on Tuesday.

Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured product prices rose 11.39% compared with 11.20% in the previous month.

However, wholesale prices of food rose at a slower pace of 3.43% in August on-year compared to 4.46% in the previous month.

(Reporting by Aftab Ahmed; Editing by Kim Coghill)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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