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

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NEW DELHI: Wholesale price based on inflation it fell to 10.66 percent in September, helped by the moderation in food prices even as crude oil rebounded.
WPI inflation it remained in double digits for the sixth consecutive month. In August, it was 11.39 percent. In September 2020, inflation was 1.32%.
“The high rate of inflation in September 2021 is mainly due to the increase in the prices of mineral oils, base metals, non-food items, food products, crude oil and natural gas, chemicals and chemicals, etc. compared to the corresponding month of the previous year, “the Ministry of Commerce and Industry it said in a statement.
Inflation in food items decreased for the fifth consecutive month, registering (-) 4.69 percent in September from (-) 1.29 percent in August, mainly due to the moderation in vegetable prices. Legume prices continued to rise to 9.42 percent.
Inflation in the fuel and energy basket was 24.91% in September, compared to 26.09% in the previous month.
The increase in crude oil and natural gas prices was 43.92% in September compared to 40.03% in the previous month.
In manufactured products, inflation stood at 11.41 percent for the month.
The RBI, which primarily takes retail inflation into account in its monetary policy, earlier this month kept interest rates unchanged at record lows.
Retail inflation in September also slowed to a five-month low of 4.4 percent due to moderation in food prices.





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