24.1 C
New Delhi
Tuesday, October 26, 2021

WPI inflation eases to 10.66% in September on lower food prices

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -


Inflation in food articles eased for the fifth straight month, recording (-) 4.69 per cent in September from (-) 1.29 per cent in August, mainly due to easing vegetable prices.

The wholesale price-based inflation eased to 10.66 per cent in September, helped by moderating food prices even as crude petroleum witnessed a spike. The WPI inflation remained double-digit for the sixth consecutive month. In August, it was 11.39 per cent. In September 2020, inflation was 1.32 per cent. 

“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, etc. as compared the corresponding month of the previous year,” the Commerce and Industry Ministry said in a statement.

Inflation in food articles eased for the fifth straight month, recording (-) 4.69 per cent in September from (-) 1.29 per cent in August, mainly due to easing vegetable prices.

Pulses prices continued to spike at 9.42 per cent.

Inflation in the fuel and power basket was 24.91 per cent in September, against 26.09 per cent in the previous month. The rise in crude petroleum and natural gas prices was 43.92 per cent in September over 40.03 per cent in the previous month.

In manufactured products, inflation stood at 11.41 per cent during the month. 

The RBI, which mainly takes into account retail inflation in its monetary policy, earlier this month kept interest rates unchanged at record lows. Retail inflation in September too slowed to a five-month low of 4.4 per cent on moderating food prices.

Close Story


Courtesy – www.hindustantimes.com

Source link

- Advertisement -

National Award-winning Mohanlal-starrer headed for OTT release

Movie theatres opened across Kerala after six months on Monday, with the first film slated to be released on the big screen on...

union ministers: Union Ministers go for carpool to attend ‘Chintan Shivirs’

In a unique move, Union ministers have been practising carpooling while going for 'Chintan Shivirs' -- meetings of the Union Council of Ministers...

IMF revising India’s growth forecast is ‘gross under estimation’: N K Singh

N K Singh, Chairman of the 15th Finance Commission, on Tuesday said the IMF's decision to revise India's potential growth forecast downwards to...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article