India August Wholesale Inflation Slows to 4-Month Low


Wholesale prices in India rose by 4.53 percent year-on-year in August of 2018, after a 5.09 percent gain in the prior month and below market estimates of 4.65 percent. It is the lowest wholesale inflation since April, as cost of fuel increased at a softer pace while prices of food declined further.

In August, cost rose at a slower rate for fuel and power (17.73 percent  from 18.10 percent in July). In addition, cost of primary articles declined by 0.15 percent, after a 1.73 percent rise in a month earlier as cost of food dropped further (-4.04 percent from -2.16 percent in July), namely onion (-26.8 percent); vegetables (-20.18 percent) and fruits (-16.4 percent). Meantime, cost of manufactured products went up 4.43 percent, following a 4.26 percent gain in July.

On a monthly basis, wholesale prices increased by 0.3 percent, compared to a 0.4 percent rise in July.

India August Wholesale Inflation Slows to 4-Month Low


Office of the Economic Adviser l Rida | rida@tradingeconomics.com
9/14/2018 6:54:28 AM