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Wholesale inflation rises to zero.16% in August – enterprise information

The annual fee of inflation based mostly on wholesale worth index (WPI) elevated to zero.16 per cent in August as in comparison with 1.17 per cent within the corresponding month of the earlier 12 months, the federal government mentioned on Monday.

It was at minus zero.58 per cent in July, mentioned a press release issued by the Ministry of Commerce and Trade.

The index for main articles with a weightage of 22.62 per cent elevated by 1.81 per cent to 146.three in August from 143.7 in July. Costs of minerals elevated by 10.21 per cent, crude petroleum and pure gasoline by four.72 per cent, non-food articles by three.06 per cent and meals articles by zero.93 per cent.

The index for gasoline and energy with a weightage of 13.15 per cent elevated by zero.77 per cent to 91.four in August from 90.7 in July. Costs of mineral oils elevated by 1.three per cent whereas costs of coal and electrical energy stay unchanged.

The index manufactured merchandise with a weightage of 64.23 per cent elevated by zero.59 per cent to 119.three from 118.6. Out of the 22 NIC two-digit teams for manufactured merchandise, 11 teams that witnessed enhance in costs are manufacture of meals merchandise are drinks, leather-based and associated merchandise, wooden and of merchandise of wooden and cork, printing and replica of recorded media, prescribed drugs, medicinal chemical and botanical merchandise, fundamental metals, electrical gear, equipment and gear, and different transport gear.

The meals index with a weightage of 24.38 per cent consisting of elevated from 152 in July to 153.three in August. The annual fee of inflation based mostly on the WPI meals index decreased from four.32 per cent in July to four.07 per cent in August.

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