Wholesale price-based inflation eased to 12.41 per cent in August as compared to 13.93 per cent in the preceding month. According to the Commerce and Industry Ministry data released today, WPI inflation fell on easing prices of Manufactured products.
The Wholesale inflation was at a record high of 15.88 per cent in May this year and stood at 11.64 per cent in August last year.
The WPI inflation continued its declining trend for the third month in August this year but remained in double-digits for the 17th consecutive month beginning April last year.
As per the data released on Monday, retail inflation based on Consumer Price Index, CPI, stood at seven per cent in August this year.
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