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Wholesale price-based inflation rose to 9.92 per cent in August, compared to 9.78 per cent in July, on rising prices of food, manufactured items, and fuel and power, government data showed .
Inflation in the food index rose to 7.05 per cent in August, from 6.65 per cent in July. In manufactured items, WPI inflation was at a series high of 8.37 per cent, higher than 8.29 per cent in July.
In the fuel and power basket, wholesale price index (WPI)-based inflation was 22.93 per cent.
The Reserve Bank’s monetary policy committee, last month, kept benchmark policy rates unchanged at 5.25 per cent and projected retail inflation at 5 per cent for FY27, citing deficient and uneven South-West monsoon amidst El Nino conditions.
The WPI has been on an upward trajectory since the beginning of this fiscal year as the West Asia war and the resultant blockade of the Strait of Hormuz, through which the majority of crude oil is imported into India, pushed up global crude and fertiliser costs with a spillover effect on food prices.
