India's August inflation hits 9.78 per cent
14 Sep 2011
The annual rate of inflation based on the wholesale price index (WPI) rose to 9.78 per cent (year-on-year) in August 2011, from 9.22 per cent in the previous month, even as finance minister Pranab Mukherjee vowed action by the government and the Reserve Bank of India (RBI) to tame a stubborn inflation that threatened to hit double digits again.
WPI inflation rate in the country stood at 8.87 per cent during the corresponding month of the previous year.
Build-up of inflation in the financial year (beginning April 2011) so far was 3.61 per cent, against 3.52 per cent in the corresponding period of the previous year.
The official wholesale price index for 'all commodities' (with base 2004-05 = 100) rose 0.6 per cent to 154.9 (provisional) in August 2011, from 154.0 (provisional) in the previous month.
The index for the `primary articles' group rose 0.9 per cent to 199.6 (provisional) from 197.9 (provisional) in the previous month.
The index for the 'food articles' group rose 0.5 per cent to 193.7 (provisional) in August 2011, from 192.8 (provisional) in the previous month due to higher prices of fish-fresh water (up 15 per cent), ragi (up 8 per cent), gram (up 6 per cent), poultry chicken and rice (up 2 per cent each) and maize, coffee, bajra, masur and pork (up 1 per cent each).