Key facts
- India's wholesale prices rose 9.92% year-on-year in August.
India wholesale prices rise 9.92% year-on-year in August
IN SHORT
India's wholesale prices increased 9.92% year-on-year in August, up from 9.78% in July, according to government data released Monday. The rise was driven by faster increases in oil and food prices, with fuel and power prices up 22.93% and food prices up 7.05%.
Key Numbers
9.92%year-on-year wholesale price increase in August
9.78%year-on-year wholesale price increase in July
7.05%year-on-year wholesale food price increase in August
8.37%year-on-year manufactured product price increase in August
22.93%year-on-year fuel and power price increase in August
34.41%year-on-year petroleum and natural gas price increase in August
Who's Involved
India
reported wholesale price increase of 9.92% in August
↳ Why This Matters
Elevated wholesale price inflation can signal future consumer price increases and may prompt the Reserve Bank of India to maintain or increase interest rates to curb demand, potentially impacting economic growth.