HomeBusinessWPI-Based Inflation Falls To Six-Months Low Of 10.66% In September

WPI-Based Inflation Falls To Six-Months Low Of 10.66% In September

WPI-Based Inflation Falls To Six-Months Low Of 10.66% In September

Wholesale inflation for September 2021 declined on account of fall in costs of gas and meals articles

Wholesale value index based mostly inflation fell in September 2021 to 10.66 per cent from 11.39 per cent in August 2021 as costs of major articles, gas & energy in addition to meals slid through the interval.

Wholesale inflation was at a six-month low in September however on the identical time remained at double-digit ranges for the sixth straight month, in line with the month-to-month information launched by the Commerce Ministry.

In September 2021, the month-to-month fall in WPI inflation was led by decline within the index of major articles group, which was 154.9 in September 2021 in comparison with 155.8 for August 2021.

Under this group, costs of crude petroleum & pure gasoline, minerals and meals articles declined throughout September 2021 over August 2021. Overall the WPI inflation for major articles declined to 4.1 per cent in September 2021 in comparison with 6.2 per cent in August 2021.

Similarly the index for gas & energy fell to 114.7 in September 2021 in comparison with 116 of August 2021. Under this index, costs of mineral oils declined whereas these of coal and electrical energy remained unchanged.

The general WPI inflation for gas & energy fell to 24.8 per cent in September 2021 in comparison with 26 per cent in August 2021

Also the WPI-based inflation for meals index fell to 1.14 per cent in September 2021 from 3.4 per cent in August 2021.

WPI inflation for manufactured merchandise although rose barely in September 2021 to 11.41 per cent from 11.39 per cent in August 2021.

However on the identical time, in comparison with the wholesale inflation price of 1.32 per cent in September 2020, the ten.66 per cent price for September 2021 is an nearly 10 occasions enhance and was primarily on account of rise in costs of mineral oils, primary meals, non-food articles, meals merchandise, crude petroleum in addition to chemical merchandise.

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