India wholesale prices rise 9.92% year-on-year in August
- India's wholesale prices climbed 9.92% in August, driven by significant increases in petroleum and food costs, surpassing July's figures
NEW DELHI: India’s wholesale prices rose 9.92% year-on-year in August, government data showed on Monday, as oil and food prices increased at a faster pace.
The print was higher than the 9.78% rise a month ago and economists’ average projection of 9.89% in a Reuters poll.
Wholesale food prices rose 7.05% year-on-year in August after rising 6.65% in July.
Prices of manufactured products rose 8.37% year-on-year in August after an 8.29% year-on-year rise a month ago.
India’s August retail inflation at 4.82% on-year
Fuel and power prices increased 22.93% year-on-year in August, as against a rise of 20.05% a month ago.
Petroleum and natural gas prices rose 34.41% year-on-year in August after a 26.99% rise in July.
Producer prices in August rose 9.8% year-on-year against a 9.57% rise in the previous month, according to Reuters calculation.