India's inflation, as measured by the wholesale price index (WPI), fell to 8.5% in August 2010, the Government said on Tuesday.
Inflation was at 9.8% in July 2010.
The August inflation reading is as per the new WPI series launched by the Government today.
As per the old WPI series, inflation in August 2010 works out to 9.5% as against 9.97% in July 2010.
Food Articles inflation in August was 14.64% as per the new WPI series while the same for the Primary Articles group stood at 15.76%.
Fuel group inflation in the month under review stood at 12.55% as per the new WPI series while inflation for the Manufacturing group was at 4.78%.
Inflation in the Non-Food Articles group stood at 16.04%.
The new WPI series has been launched today by shifting base year from 1993-94 to 2004-05. WPI for August 2010 has been released with base year 2004-05.
The official WPI for 'All Commodities' for August 2010 remained unchanged at its previous month’s level of 140.3.
The annual rate of inflation, based on monthly WPI, stood at 8.51% for August 2010 (over August 2009) compared to 9.78% in the previous month.
The build-up in inflation in the financial year so far has been 3.31% compared to a build up of 4.95% in the corresponding period of the previous year.