Wholesale price inflation edges up to 7.55 per cent in August
14 Sep 2012
The annual rate of inflation based on the wholesale price index for August 2012 edged up to 7.55 per cent from 6.87 per cent in the previous month, leaving little elbow room for the Reserve Bank of India (RBI) to relax policy rates.
The official wholesale price index for 'all commodities' (Base: 2004-05 = 100) stood at 166.6 in August 2012, up 1.1 per cent from 164.8 in the previous month, provisional figures released today showed.
The WPI inflation for August 2011 stood at 9.78 per cent.
Build-up of inflation in the financial year so far was 3.48 per cent, compared to a build-up of 3.61 per cent in the corresponding period of the previous year.
The June WPI inflation has now been revised to 7.58 per cent, from an earlier provisional level of 7.25 per cent.
Given the current trend and with truck operators raising freight rates by 15 per cent following the diesel price hike, inflation may well touch the double-digit figure before the end of the calendar year, say analysts.
.webp)
