Inflation-based wholesale prices rose to a two-month high of 5.13 percent in September, mainly due to the hardening of food prices and the rise in the cost of petrol and diesel. The Wholesale Price Index (WPI)-based inflation stood at 4.53 percent in August and 3.14 percent in September last year.
According to the government data released recently, food articles witnessed hardening of prices with deflation at 0.21 percent September as against 4.04 percent in August. Data showed retail inflation rose to 3.77 percent in September from 3.69 percent in the previous month. The RBI mainly takes into account retail inflation data while formulating monetary policy.
Source- The Hindu