India's wholesale inflation eases to four-month-low at 1.31 per cent in August as global oil prices dip

New Delhi: India's wholesale price index-based inflation eased to a four-month low of 1.31 per cent in August due to falling costs of crude oil, steel and cement, even as prices of food staples like potatoes and onions rose sharply in the same month. India's wholesale inflation in August was lower than the 1.85 per cent increase anticipated by economists in a Reuters poll and down from 2.04 per cent, according to government data released on Tuesday.