New Delhi, Sep 14 - A massive jump in food prices pushed up India's wholesale price-indexed (WPI) inflation in August at 3.24% to nearly double that of July, official data showed.
According to data released by the Commerce Ministry, the annual rate of WPI inflation in July was at 1.88%, while it was at 1.09% during August 2016.
"The annual rate of inflation, based on monthly WPI, stood at 3.24% (provisional) for the month of August, 2017 (over August, 2016) as compared to 1.88% (provisional) for the previous month and 1.09% during the corresponding month of the previous year," the Ministry said in the "Index Numbers of Wholesale Price in India" for August.
"Build up inflation rate in the financial year so far was 1.41% compared to a build up rate of 3.25% in the corresponding period of the previous year."
Wholesale prices had accelerated in July to 1.88% from June's rise of 0.90% and an increase of 2.26% reported for May.
On a segment-wise basis, expenses on primary articles, which constitute 22.62% of the WPI's total weightage, edged higher by 2.66% from an increase of 0.46% in July 2017.
However, the rise in WPI prices for primary articles during the month under review was slower on a year-on-year (YoY) basis, as it had risen by 4.78% in August 2016.
The prices of food articles rose by 5.75% from an acceleration of 2.15% during July 2017 and a rise of 4.93% in August 2016.
In terms of food prices, the YoY wholesale inflation rate for onion was higher by 88.46%, whereas for potatoes it plunged by (-)43.82%.
In contrast, overall vegetable prices in August rose by 44.91%, against a fall of (-)7.75% in the same month a year ago.
As per the data, on YoY basis, wheat became cheaper by (-)1.44%, while protein-based food items such as eggs, meat and fish became dearer by 3.93%.
Prices of other major group under the WPI -- manufactured products -- which comprise nearly 64.23% of the index, rose by 2.45%. The sub-category of manufactured food products registered a rise of 1.84%.
The fuel and power price index's inflation accelerated by 9.99%.
Product-wise, the price of high-speed diesel rose by 20.30% during August, while that for petrol climbed by 24.55%, and for LPG by 5.33%.