India's wholesale inflation contracts 0.52 pct in August

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India's wholesale inflation contracts 0.52 pct in August

STORY: India's wholesale inflation contracts 0.52 pct in August DATELINE: Sept. 16, 2023 LENGTH: 00:01:14 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of markets STORYLINE: India's wholesale price index (WPI) contracted 0.52 percent in August, according to data released by the federal ministry of commerce and industry on Thursday. WPI inflation is an indicator of prices in the wholesale market rising or falling mainly due to steep increase or decrease in commodity prices globally. WPI food inflation in India decreased from 7.75 percent in July 2023 to 5.62 percent in August 2023. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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