New Delhi: Wholesale price-based inflation rose marginally to 11.39 per cent in August, mainly due to higher prices of manufactured products, while food prices softened. Breaking the two-month easing trend, wholesale Price-based inflation rose in August and remained in double digits for the fifth consecutive month. It was 11.16 percent in July 2021 and 0.41 percent in August 2020.
According to the statement of the Ministry of Commerce and Industry, the increase in inflation in August 2021 was mainly due to non-food items, mineral oils, crude petroleum and natural gas, basic metals such as manufactured products, food products, compared to the same month last year. There has been an increase in the prices of textiles, chemicals and chemical products etc.
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Food inflation down
Food inflation fell for the fourth consecutive month. It was (-) 1.29 per cent in August as against zero per cent in July, while the prices of onions and pulses increased. Onion inflation increased by 62.78 percent, while that of pulses increased by 9.41 percent. In the case of vegetables, it decreased and was (-) 13.30 per cent.
Inflation on petroleum products increased
Apart from this, the inflation of crude petroleum and natural gas has increased by 40.03 percent in August. Inflation in manufactured products rose by 11.39 per cent in August, as against 11.20 per cent in July.
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