Wholesale price-based inflation eases to 12.41 per cent in August

Wholesale price-based inflation eases to 12.41 per cent in August: As per the Commerce and Industry Ministry data, the wholesale price-based inflation has been reduced to 12.4% in August as compared to 13.93 % in July 2022.

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Reason: The WPI inflation fell on easing prices of Manufactured products. The Wholesale inflation was at a record high of 15.88%in May 2022 and stood at 11.64% in August 2022. August is the 17th consecutive month of double-digit wholesale price inflation (WPI).