Wholesale inflation drops to 10.66 pc in September
The annual rate of inflation based on the monthly wholesale price index (WPI) has declined to 10.66 percent in September from the previous month's 11.39 percent, government data showed on Thursday.
However, WPI in the month of September on a year-on-year (y-o-y) basis has escalated due to the rise in prices of mineral oils, basic metals, non-food articles, food products, crude petroleum, and natural gas and chemicals and chemical products as compared to the corresponding month of the previous year.
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In September last year, the wholesale price index inflation was 1.32 percent.
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Fuel and power prices declined to 24.81 percent in September 2021 compared with 26.09 percent in August.
Meanwhile, manufactured product prices rose to 11.41 percent compared with 11.39 percent in the previous month.
"The Food Index consisting of food articles from primary articles group and 'Food Product' from manufactured products group have increased from 159.6 in August 2021 to 159.8 in September 2021. The rate of inflation based on the WPI Food Index decreased from 3.43 percent in August 2021 to 1.14 percent in September 2021," the Ministry of Commerce and Industry said in a statement.
In vegetables, the inflation was minus 32.45 percent. Inflation in crude petroleum and natural gas was 43.92 percent.
-PTC News
