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Wholesale inflation static at 1.08% in August

New Delhi: Wholesale price-based inflation was unchanged at 1.08% in August, reinforcing the expectation of a rate cut by the RBI in the October policy review.

New Delhi: Wholesale price-based inflation was unchanged at 1.08% in August, reinforcing the expectation of a rate cut by the RBI in the October policy review. According to the data released by the Ministry of Commerce & Industry on Monday, the increase in prices of certain food items was partially neutralised by static prices of manufactured goods during August 2019. The WPI inflation was 1.08% in July and 4.62% in August 2018. PTI

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