India’s wholesale prices rise 0.52% in August, reversing July decline
India’s wholesale prices increased by 0.52% year-on-year in August, according to government data released on Monday. This marks a reversal from July, when the Wholesale Price Index (WPI) fell 0.58%.
Economists surveyed by Reuters had expected a smaller gain of 0.3%, meaning the actual rise outpaced forecasts.
Food and vegetable price trends
Wholesale food prices edged up 0.21% in August. This follows a sharp 2.15% decline in July, showing a recovery in food costs.
Vegetable prices, however, continued to fall. They dropped 14.18% in August, although this was a smaller decline compared to July’s steep 28.96% drop.
Manufactured goods prices climb
Prices of manufactured products rose 2.55% year-on-year in August. This was stronger than July’s 2.05% increase, signaling steady momentum in India’s industrial price segment.
Fuel and power prices decline further
The fuel and power index fell 3.17% in August, extending July’s 2.43% drop. The sector remains a drag on overall wholesale inflation, offsetting some of the strength in manufacturing.
