Wholesale inflation cooled to 10.7% in Sept
- India’s wholesale price inflation dropped from 12.4% in August to 10.7% in September with food price rise easing to a 10-month low from nearly double-digit levels a month earlier even though vegetables and cereals prices shot up.
Highlights:
- Vegetables inflation zoomed to 39.7% in September from 22.3% in August.
- Inflation in fruits reduced to 4.55% from 31.7% in August, along with reducing inflation in manufactured food products .
- Inflation in primary articles declined from 14.9% in August to 11.7% in September.
- Fuel and power inflation dropped to 32.6% from 33.7% in August.
- Inflation in September, 2022 is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas, chemicals & chemical products, basic metals, electricity, textiles etc.
- Due to a combination of lower area sown and prolonged monsoon, pulses and vegetables would be lower .
Prelims Takeaway:
- WPI
- Inflation