WPI inflation rises to four-month high of 3.24% in August

Inflation in petrol jumped to 24.55% from 9.6 % in August

Double-digit inflation in petrol and diesel, along with skyrocketing tomato prices, pushed the Wholesale Price Index (WPI)-based inflation up to a four-month high of 3.24 per cent in August, from 1.88 per cent in the previous month. 

This, along with rising Consumer Price Index (CPI)-based inflation, may prompt the Reserve Bank of India to not cut rates in its policy review next month. CPI-based inflation was at a five-month high of 3.36 per cent in August, compared to 2.36 per cent in July. 

Inflation in petrol jumped to 24.55 per cent in August, from 9.6 per cent in the previous