Friday, January 28, 2022

Wholesale price-based inflation eases to 10.66 percent in September

The wholesale price-based inflation eased to 10.66 percent in September, helped by moderating food prices even as crude petroleum witnessed a spike. WPI inflation remained in double-digit for the sixth consecutive month. In August, it was 11.39 percent.
In a statement, the Commerce and Industry Ministry said, the high rate of inflation in September 2021 is primarily due to rise in prices of mineral oils, basic metals, non-food articles, food products, crude petroleum & natural gas, chemicals and chemical products as compared the corresponding month of the previous year.”
Inflation in food articles eased for the fifth straight month, recording minus 4.69 percent in September, from minus 1.29 percent in August, mainly due to easing vegetable prices. Pulses prices continued to spike at 9.42 per cent.

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