Tuesday, 02 January 2024 12:17 GMT

India’s Wholesale Inflation Turns Positive in August


(MENAFN) India’s wholesale inflation rebounded into positive territory in August, climbing to 0.52%, according to data released Monday by the federal Ministry of Commerce and Industry.

The latest figure marks the highest level in four months and ends a two-month stretch of negative wholesale inflation, with July and June recording -0.58% and -0.19% respectively.

In its official statement, the ministry attributed the upward shift to a broad-based increase in costs. "Positive rate of inflation in August 2025 is primarily due to increase in prices of food products, other manufacturing, non-food articles, other non-metallic mineral products and other transport equipment, etc.," the statement said.

The Wholesale Price Index (WPI) serves as a key gauge of price movements in bulk transactions across India’s economy. The latest rise signals renewed cost pressures, particularly from food and manufacturing sectors.

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