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HomeIndiaIndia’s Wholesale Inflation Turns Positive After Two Months; August WPI At 0.52%

India’s Wholesale Inflation Turns Positive After Two Months; August WPI At 0.52%

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India’s wholesale inflation, based on the All-India Wholesale Price Index (WPI), stood at 0.52% (provisional) in August, according to data released by the Ministry of Commerce and Industry on Monday.This marks a return to positive territory after remaining in the negative for the previous two months and broadly aligns with the marginal uptick seen in retail inflation.Economists generally consider a modest level of wholesale inflation healthy, as it encourages businesses to step up production.The Ministry attributed the rise in WPI inflation to an increase in prices of food products, other manufacturing goods, non-food articles, non-metallic mineral products, and transport equipment.The government releases WPI data on the 14th of every month (or the next working day if the 14th is a holiday) with a two-week lag, based on data collected from institutional sources and selected manufacturing units across the country.

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