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Food and Fuel Prices Push Wholesale Inflation Higher

Food and Fuel Prices Push Wholesale Inflation Higher
Food, Fuel Prices Keep Pressure On Consumers, Push Wholesale Inflation To 9.92% · timesnownews.com

Wholesale inflation measures how much prices rise before goods reach stores.

In August, those prices increased by 9.92 percent.

This was higher than the 9.78 percent recorded in July.

Inflation stayed close to 10 percent for the fourth month in a row.

Fuel became more expensive.

Manufactured food products and chemicals also had higher prices.

These increases can make it harder for consumers to afford goods.

Prices for some primary articles moderated, but not enough to offset the increases elsewhere.

Key facts

August wholesale inflation
9.92%
July wholesale inflation
9.78%
Inflation trend
Close to double digits for four consecutive months
Main pressures
Fuel, manufactured food products, and chemicals
Offsetting factor
Some moderation in primary articles
Data source
Commerce Ministry

Sources

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