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WPI Inflation For September Moderates To 2.6%

The inflation at the wholesale level dropped keeping the inflation figures way lower than the average rate pegged at by the government.

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Earlier CPI inflation remained flat with no changes reported for the month of September , now with WPI inflation out for the month, the barometer has gone down from earlier 3.24% to 2.6% on the back of cooling prices both in food as well as fuel prices.

 
WPI Inflation For September Moderates To 2.6%

WPI measures change in price at the wholeseller level and reflects price trends at shop level.

 

Food inflation denoting changes in food prices fell to 1.99%, vegetable prices also dropped to 15.48% as against 44.91% a month ago. Power and fuel inflation also dropped to 9.01%

Primary articles inflation accounting for over 20% of the WPI index also dropped in value to 0.15% in the last month. The overall inflation currently stands lower than the rate of 4% estimated by the RBI on the medium term basis.

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