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2025-09-15 15:31:51
India's wholesale prices rebounded unexpectedly in August. (1) Wholesale prices in India rose 0.52% year-on-year in August, exceeding market expectations of 0.30%. They fell 0.58% in July, marking the largest drop since July 2023 and the highest wholesale inflation rate since April. (2) Food prices rose 0.21%, reversing a 2.15% plunge in July. Wheat, milk, and cereals rose 4.75%, 2.58%, and 1.03%, respectively. Manufacturing inflation accelerated to 2.55%, with increases in food products, non-metallic mineral products, and tobacco products. (3) Fuel prices continued to decline, falling 3.17% year-on-year, while wholesale prices overall rose 0.52% month-on-month.
