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India Wholesale Price Inflation Steady In August

India's wholesale price inflation was stable in August, data from the Ministry of Commerce & Industry showed on Monday.

The wholesale price index rose 1.08 percent annually in August, the same rate as seen in July. Economists had expected a 1 percent increase.

The build up inflation rate grew 1.25 percent in August compared to 3.27 percent in the corresponding period of the previous year.

The wholesale prices for food articles rose 1.4 percent in August and those of non-food articles increased by 0.9 percent.

Fuels and power prices edged up 0.1 percent in August, while prices for manufactured goods declined 0.3 percent.

On a monthly basis, wholesale prices rose 0.2 percent in August.

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