Angel Broking - WPI Inflation Update - August 2012 - Inflation for the month of August inches up to 7.6%

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RAJESH DESAI

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Sep 15, 2012, 7:34:55 AM9/15/12

Dear All,

Forwarding you the WPI Inflation Update – August 2012.

Inflation for the month of August inches up to 7.6%

Whole sale Price Index (WPI) inflation for the month of August 2012 expectedly inched up to 7.55% as compared to 6.87% in July 2012, remaining sticky despite a high base of 9.78% in the corresponding period in 2011.

On a month-on-month (m-o-m) basis, headline WPI inflation grew steeply at 1.1% in August as compared to 0.1% during July 2012 over the previous month.

The rise in headline inflation is driven by an increase in fuel and power prices and inflation in manufactured products.

Inflation for the month of June 2012 has been revised upwards to 7.58% as compared to provisional estimate of 7.25%.

Kindly click on the following link to view the Report.

WPI Inflation Update – August 2012

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