NEW DELHI: Inflation primarily based on the wholesale value index (WPI) slipped to a six-month low of 10.66% in September, from 11.4% in August, resulting from a moderation within the meals section, however edible oil, petrol, diesel and cooking gasoline costs remained elevated.
The extent in September is the bottom studying since April, when WPI inflation was estimated at 10.74%, newest information launched by the federal government on Thursday confirmed. Inflation was estimated at 1.3% in September final yr. The development is consistent with retail inflation, which moderated to a five-month low of 4.4% in September. For the federal government, the large consolation issue will likely be meals articles which witnessed a 4.7% decline with vegetable costs falling over 32%, the sharpest decline for the reason that 2011-12 collection was launched.
Pulses, the place inflation hovered round 9.4%, and edible oil are two home items which will likely be a significant concern for the federal government. Though the tempo of enhance within the vegetable and animal oils and fat moderated for the fourth straight month, it nonetheless grew at a worrisome tempo of practically 37% in September.
But it surely was petroleum merchandise which can be inflicting the utmost grief to shoppers.
The extent in September is the bottom studying since April, when WPI inflation was estimated at 10.74%, newest information launched by the federal government on Thursday confirmed. Inflation was estimated at 1.3% in September final yr. The development is consistent with retail inflation, which moderated to a five-month low of 4.4% in September. For the federal government, the large consolation issue will likely be meals articles which witnessed a 4.7% decline with vegetable costs falling over 32%, the sharpest decline for the reason that 2011-12 collection was launched.
Pulses, the place inflation hovered round 9.4%, and edible oil are two home items which will likely be a significant concern for the federal government. Though the tempo of enhance within the vegetable and animal oils and fat moderated for the fourth straight month, it nonetheless grew at a worrisome tempo of practically 37% in September.
But it surely was petroleum merchandise which can be inflicting the utmost grief to shoppers.
Supply: Times of India