New Delhi, Sept 15 (KNN) The inflation of manufactured products, on Year on Year basis increased to 3.45 per cent in August this year as compared to 2.31 per cent in the same period last year. On monthly basis, the inflation for manufactured products came in at 3.67 per cent in August as compared to 3.45 per cent in July.

Meanwhile, the WPI inflation fell to a five-year low of 3.74 per cent in August compared to 5.19 per cent in the previous month.

Food inflation was at 3.43 per cent compared to 2.43 per cent on yearly basis, whereas on monthly basis, the rate of inflation for food articles was at 5.15 per cent as compared to 8.43 per cent last month, the lowest level since January 2012.

August fuel inflation also hit a five-year low with the fuel and power group inflation declining to 4.54 per cent versus 7.40 per cent (MoM).

The rate of inflation of some of the other products which increased on monthly basis are – man made textiles from 4.55 per cent in July to 4.59 per cent in August; leather and leather products from 1.12 per cent in July to 2.16 per cent in August; chemicals and chemical products from 4.00 per cent in July to 4.05 per cent in August.

The industrial production grew just by 0.5 per cent in July, and retail inflation marginally eased at the rate of 7.8 per cent in August.

Wholesale inflation for June has been revised upwards to 5.66 per cent from 5.43 per cent previously. (KNN/SD)