India's wholesale price inflation in August eased to 3.74 per cent
High inflation and low growth has to be reversed to achieve sustainable GDP
Mumbai: India's wholesale price inflation in August eased to 3.74 per cent, its lowest level in nearly five years, government data showed on Monday.
The rise in the wholesale price index (WPI) compared with a 4.50 per cent year-on-year jump forecast by economists. In July, wholesale prices rose 5.19 per cent year-on-year, their slowest pace in five months.
The reading for June WPI inflation was revised to 5.66 per cent from 5.43 per cent earlier.
( Source : reuters )
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