Surge in vegetables price contributing to increase in inflation
The Wholesale Price Index (WPI) based inflation increased to 6.1% in August 2013 from 5.8% in July 2013. The increase in inflation in August 2013 was mainly contributed by surge in vegetables prices. The inflation for primary articles jumped to 11.7% in August 2013 from 9.0% in July, mainly driven by surge in inflation for food articles to 18.2% from 11.9%, while the inflation for non-food articles and minerals dipped to 1.1% and (-) 7.2% in August 2013.The inflation for fuel and power group was steady at 11.3% in August 2013 same as in July 2013.
The inflation for manufactured products declined to 1.9% in August 2013 from 2.8% in July 2013. Within the manufactured products, the inflation for food products dipped to 1.7% in August 2013 from 5.0% in July 2013. Among other major sub-groups of manufactured products, the inflation for chemical products and machinery & machine tools also declined to 2.9% and 1.9% in August 2013. Meanwhile, the inflation for transport equipment & parts rose slightly to 3.6% in August 2013.
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