September 16, 2014 8:33 AM

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Export growth slips to 2.35% in Aug; WPI Inflation dips to 5-yr low of 3.74%

India's export growth slipped to 2.35 percent at 26.95 billion dollars in August, pushing up trade deficit to 10.83 billion dollars. Gold imports jumped to 2.03 billion dollars in August compared to 738.7 million dollars in the same month last year. According to the Ministry of Commerce and Industry's data, overall imports grew 2.08 percent to 37.79 billion dollars. On the other hand declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly five-year low. According to the data released by Ministry of Commerce and Industry, inflation was at 5.19 per cent in July and 6.99 per cent in August last year. Inflation in the food segment witnessed a significant decline to 5.15 per cent in August as against 8.43 per cent in the previous month. The August WPI inflation is the lowest since October 2009 when it stood at 1.8 per cent.

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