15 September 2018

Wholesale inflation drops to four-month low of 4.53% in August

Wholesale inflation drops to four-month low of 4.53% in August

Inflation based on wholesale prices eased to a four-month low of 4.53% in August on softening of prices of food articles, especially vegetables. The Wholesale Price Index-based inflation stood at 5.09% in July and 3.24% in August last year.

Data released by the commerce and industry ministry on Friday showed a 4.04% decline inflation in food articles in August compared with a 2.16% fall in July. The wholesale price index is an index that measures and tracks the changes in the price of goods in the stages before the retail level.

Source: News on Air

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • CPI: Consumer Price Index 
  • WPI: Wholesale Price Index 

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