Wholesale inflation at 2-yr high of 3.74% in August
The Wholesale Price Index (WPI)-based inflation for the month of August expanded to a two-year high of 3.74% year-on-year, as against 3.55% in July, according to data released on Wednesday. The index read (-)5.06% in the corresponding month of the previous year. Further, the food prices inflation dropped to a three-month low of 8.23% year-on-year from 11.82% in July.