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.
- CPI: Consumer Price Index
- WPI: Wholesale Price Index