India's Wholesale Price Index Inflation Drops to Four-Month Low
| Aspect | Details |
|---|---|
| WPI Inflation (August) | 1.31% (four-month low), down from 2.04% in July. |
| Food Price Inflation | 3.11% in August, down from 3.45% in July. |
| Key Food Price Trends | Cereals: 8.44%, Paddy: 9.12%, Pulses: 18.57%, Onions: 65.75%, Potatoes: 77.96%, Fruits: 16.7%. |
| Manufactured Products | Inflation at 1.22% (64.2% weight in WPI), down from 1.58% in July. |
| Sector-wise Price Trends | Food products: 3.61%, Beverages: 1.9%, Textiles: 1.79%, Wood: 3.17%, Pharmaceuticals: 1.97%. |
| Fuel and Power | Contraction of 0.67%; Diesel: -3.03%, Petrol: -4.23%, Cooking Gas: +14.4%. |
| Retail Inflation | 3.65% in August, up from 3.6% in July. |
| RBI Medium-term Target | 4%. |
| Future Outlook | Eased food prices in September; adverse base effects may increase primary food article inflation. Surplus rainfall could impact kharif crop yields and delay harvesting. Healthy reservoir storage may support rabi crop sowing. |