India’s WPI inflation falls to 10.7% in Sep from 12.41% in Aug

India’s WPI inflation falls to 10.7% in Sep: Inflation based on the Wholesale Price Index(WPI) decreased to 10.70% in September. According to official figures, the WPI-based inflation rate was 12.41% in August. High-speed diesel (HSD) saw the highest inflation rate at 65.96%. (YoY). It was followed by price increases of 44.72 percent for crude oil and natural gas and 49.79 percent for potatoes.

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India’s WPI inflation falls to 10.7% in Sep: Key Points

• Only the category of fuel and power experienced an increase in inflation month over month (MoM). The prices fell in all the others.
• Inflation was also down in the Wholesale Price Index (WPI) Food Index.
• The index for this important group dropped from 178.6 (provisional) for the month of August 2022 to 176.2 (provisional) in September 2022, a (-1.34%) decrease.
• When compared to August 2022, food item prices rose by 0.28 percent in September 2022.
• In September 2022 compared to August 2022, prices for non-food items dropped by 3.60 percent, crude oil and natural gas prices dropped by 6.38 percent, and the price of minerals dropped by 6.45 percent.

India’s WPI inflation decreases: Inflation Analysis

Food articles from the primary articles group and food products from the manufactured goods group together make up the food index, which fell from 176.0 in August 2022 to 175.2 in September 2022. Based on the Wholesale Price Index (WPI) food index, the inflation rate dropped from 9.93% in August 2022 to 8.08% in September 2022.

Important Takeaways For All Competitive Exams:

• Minister of Commerce and Industry of India: Shri Piyush Goyal
• Finance Minister of India: Nirmala Sitharaman

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