India’s retail inflation rises to 4.82%, wholesale inflation climbs to 9.92%
India's retail inflation rose to 4.82% in August, while wholesale inflation neared double digits. Food inflation increased to 5.95% at the consumer level and 7.05% wholesale. Fuel and power inflation surged sharply to over 22% on the wholesale price index. Economists anticipate continued upward pressure on prices due to global factors. The Reserve Bank of India's monetary policy outlook remains a…
India's retail inflation increased to 4.82% in August, marking the highest rate since the new Consumer Price Index (CPI) series began in January and slightly above the 4.80% forecast in a Reuters poll. Wholesale price-based inflation rose to 9.92% in August, the second-highest reading in the new Wholesale Price Index (WPI) series, which uses 2022-23 as its base year.
Food inflation was a significant contributor, with the Consumer Food Price Index (CFPI) rising to 5.95% in August from 5.52% in July. Food prices were notably higher in rural areas at 6.13% compared to urban areas at 5.64%. Wholesale food inflation climbed to 7.05% in August from 6.65% in July. Fuel and power prices surged over 22% in August, driving wholesale inflation higher.
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