Headline inflation rate (provisional) based on Wholesale Price Index (WPI) for August, 2020 stood at 0.16 % as compared to (-) 0.58 % in the month of July, 2020: Ministry of Commerce & Industry— ANI (@ANI) September 14, 2020
Before August, wholesale inflation had been negative for four consecutive months. The data on wholesale inflation is released on the 14th of every month. Wholesale inflation was at -0.58 per cent in July. At the same time, it was at -1.81 percent in June.
The wholesale price of manufactured goods, which has a majority share in the WPI index, increased by 0.59 per cent in August month to 119.3 (provisional). It was at 118.6 (provisional) in July 2020.
Food products, beverages, leather and related products, wood and wood products, printing and re-production of recorded media, medicines, medicinal chemicals and vegetable products, basic metals, electrical appliances, tools and equipment, compared to the month of July in August There was an increase in the prices of transport equipment.
The industry department said in a statement, "August also saw a drop in prices within 10 groups. These are, manufacture of tobacco products, textiles, paper and paper products, chemical and chemical products, rubber and plastic products, other non-metallic mineral products, metal products, machinery, electronic, electronic and optical products and furniture in addition to machinery. At the same time, the prices of motor vehicles and trailers and semi-trailers remained unchanged in August.