WPI Inflation for Aug'20 - Angel Broking

Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

"India WPI inflation for the month of August 2020 came in at 0.16% as compared to -0.58% in July and -1.81% in June. WPI inflation has turned positive in August after spending four months in negative territory. Primary article inflation accelerated to 1.6% in August from 0.63% in July while manufacturing inflation too accelerated to 1.27% from 0.51%. Food inflation however moderated somewhat to 4.07% from 4.32% in July. Going forward WPI inflation is expected to gradually increase from here on driven by primary articles and manufacturing inflation though food inflation can moderate somewhat due to a bumper Kharif crop."

Source : Equity Bulls

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