WPI inflation stays in negative for 5th month at 0.52% in August due to fall in food, chemical prices
WPI inflation stays in negative for fifth month at (-) 0.52% in August, food prices skyrocket
Wholesale price inflation remained in the negative territory for the fifth straight month in August at -0.52%. In July, the WPI inflation was at -1.36%. The negative rate of inflation in August this year is due to fall in prices of mineral oils, basic metals, chemical products, textiles and food products as compared to the corresponding month of previous year, according to the data by the Ministry of Commerce & Industry.