ECONOMY

WPI Inflation Reduced to 10.66% in September

The wholesale price-based inflation (WPI) decreased to 10.66 per cent in September due to moderating food prices even crude petroleum saw an increase. WPI inflation stayed at double-digit for the 6th straight month. In August, it was 11.39 per cent, and in September 2020, it was 1.32 per cent.


“The raised rate of inflation in September 2021 was due to increase in rates of mineral oils, basic metals, non-food items, food products, crude petroleum & natural gas, chemicals etc. compared to the previous year,” the Commerce and Industry Ministry told in a statement.


Inflation in food articles recorded -4.69 per cent in September from -1.29 per cent in August due to decreasing vegetable prices. Pulses rates continued to increase at 9.42 per cent. Inflation in the fuel and power sector was 24.91 per cent in September, against 26.09 per cent in the previous month.

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