August inflation eases to nearly 5-year low of 3.74 pc

The wholesale WPI data further revealed that the price rise in manufactured goods, like sugar and edible oils too eased to 3.45 per cent in August, while it was 3.67 per cent in July.

Inflation in the fuel and power segment which include LPG, petrol and diesel declined to 4.54 per cent as compared to price rise of 7.40 per cent seen in July.

Meanwhile, wholesale inflation based on final index for June has been revised upwards to 5.66 per cent from the provisional estimate of 5.43 per cent.

The August WPI data is also provisional, the government said.

It also said the build up inflation rate in the financial year till August is 3 per cent compared to a build up rate of 5.23 per cent in the same period of 2013-14.

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