India’s Wholesale Inflation Rises To Highest In Seven Months In September
India’s wholesale inflation rose to the highest in seven months as food prices surged.
Inflation as measured by the Wholesale Price Index rose to 1.32% in September—the highest since February—from 0.16% in August, according to data released by the Ministry of Commerce and Industry.
Rising food prices, too, caused the retail inflation to jump to the highest in eight months in September.
- Primary articles inflation stood at 5.1% in September against 1.6% in August.
- Prices of food articles stood at 8.17% compared with 3.84% in the previous month.
- The index of non-food articles contracted 0.08% against a contraction of 1.46% in August.
- Fuel and power index contracted 9.54% against a fall of 9.68% in August.
- Manufactured products inflation rose 1.61% after increasing 1.27% in August.