India's WPI inflation drops to 4-month low of 1.31% in Aug on lower prices

Quick Summary:

Food price inflation stood at 3.11 per cent during the month, compared to 3.

The Reserve Bank of India (RBI) tracks retail inflation for its monetary policy, and the reduction in WPI may help keep retail inflation low, albeit with a time lag.

On the other hand, the prices of potato (77.96 per cent) and fruits (16.7 per cent) accelerated during the month.

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Category: BusinessFinance

Markets: India

Topics: Wholesale inflation index WPI Inflation Food items Wholesale inflation

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Published On: 2024-09-17 @ 12:32:51 (5 hours ago)

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