A- A A+
Last Updated : Jan 22 2021 12:16PM     Screen Reader Access
News Highlights
PM Modi urges youth to work for the country with courage and determination            PM to interact with beneficiaries of Covid-19 vaccination drive in Varanasi            India crosses a significant milestone of vaccinating over 1 million healthcare workers            Myanmar, Mauritius, Seychelles to receive India made COVISHIELD vaccine            Next round of talks between Centre, Farmer Unions to be held today           

Business News

Sep 17, 2019
8:26AM

Wholesale price-based inflation unchanged at 1.08% in August

DD NEWS (FILE PIC)
Wholesale price-based inflation was unchanged at 1.08 per cent in August, reinforcing the expectation of a rate cut by the RBI in the October policy review.

Experts said, although the RBI takes into account the Consumer Price Index-based inflation while deciding its monetary policy stance, the decline in core inflation has strengthened the case for a rate cut.

According to the data released yesterday by the Ministry of Commerce & Industry, the increase in prices of certain food items was partially neutralized by static prices of manufactured goods during August 2019.

The Wholesale Price Index based inflation was 1.08 per cent in July and 4.62 per cent in August last year.

Inflation in food articles rose to 7.67 per cent during the month as against 6.15 per cent in July mainly on account of rise in prices of vegetables and protein-rich items. 

Vegetable inflation went up at 13.07 per cent from 10.67 per cent in the previous month. However, fuel and power basket continued to witness deflation at 4 per cent in August as against 3.64 per cent in July.

The retail (CPI) inflation in August rose marginally to 3.21 per cent as against 3.15 per cent in the previous month mainly due to costlier food items, government data showed last week.

The Reserve Bank has cut key repo rate by 110 basis points during this year by effecting a total of four cuts so far.

   Related News

Live Twitter Feed

Listen News

Morning News 22 (Jan) Midday News 21 (Jan) Evening News 21 (Jan) Hourly 22 (Jan) (1200hrs)
समाचार प्रभात 22 (Jan) दोपहर समाचार 21 (Jan) समाचार संध्या 21 (Jan) प्रति घंटा समाचार 22 (Jan) (1100hrs)
Khabarnama (Mor) 22 (Jan) Khabrein(Day) 21 (Jan) Khabrein(Eve) 21 (Jan)
Aaj Savere 22 (Jan) Parikrama 21 (Jan)

Listen Programs

Market Mantra 21 (Jan) Samayki 1 (Jan) Sports Scan 21 (Jan) Spotlight/News Analysis 21 (Jan) Employment News 21 (Jan) रोजगार समाचार 21 (Jan) World News 21 (Jan) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 21 (Jan) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 16 (Jan) North East Diary 21 (Jan)