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India’s wholesale inflation eases to 10.7 pc in Sep

The rate of inflation based on the WPI Food Index decreased from 9.93 percent in August 2022 to 8.08 percent in September 2022.

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New Delhi: India’s wholesale price index (WPI)-based inflation eased further to 10.7 percent in September 2022 from 12.41 percent in August, data from the Commerce & Industry Ministry showed on Friday.


The rate of inflation based on the WPI Food Index decreased from 9.93 percent in August 2022 to 8.08 percent in September 2022.

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Even as wholesale inflation has eased it remains elevated and in double-digit for the last almost 18 months.


“Inflation in September 2022 is primarily contributed by rising prices of mineral oils, food articles, crude petroleum & natural gas, chemicals & chemical products, basic metals, electricity, textiles, etc. as compared to the corresponding month of the previous year,” an official media release said.


The WPI captures the average movement of wholesale prices of goods and is primarily used as a GDP deflator. It reckons only basic prices and does not include taxes, rebate/trade discounts, transport, and other charges.


The data released by the Ministry of Statistics & Programme Implementation (MoSPI) this week showed retail inflation had climbed to 7.4 percent in September primarily on the back of a surge in food prices.


Retail inflation has stayed above the Reserve Bank of India’s (RBI)’s upper tolerance band of 6 percent despite the central bank raising the policy repo rate to keep the price rise in check.

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