Wholesale price-based inflation eased to 18 month low of 10.7 per cent in September as compared to 12.41 per cent in preceding month. According to the Commerce and Industry Ministry data released today, WPI inflation fell amid easing prices of Food index. Food inflation based on WPI Food Index decreased to 8.08 percent in September from 9.93 percent in August this year.
The main contributors to inflation in September were the rise in prices of crude petroleum and natural gas, mineral oils, chemicals, and chemical products, basic metals, electricity, and textiles as compared to the corresponding month of the previous year when WPI inflation was 11.8 percent.
The WPI inflation continued its declining trend for the fourth month in September but remained in double-digits for the 18th consecutive month beginning April last year. The Wholesale inflation was at a record high of 15.88 per cent in May this year
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