The wholesale price-based inflation (WPI) eased to 10.66 per cent in September 2021 aided by moderating food prices, government data showed on Thursday.
WPI stood at 1.32 per cent during the same month last year. It stayed in double-digit for the sixth consecutive month. WPI stood at 11.39 per cent in August 2021.
"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.
The month over month change in WPI index for the month of September, 2021 (as compared to August, 2021) was 0.07 per cent. The monthly change in WPI index for last six-month is summarized below :-
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.
Copyright©2021 Living Media India Limited. For reprint rights: Syndications Today