Wholesale price inflation rises 1.32% in Sept on costlier food articles

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Vegetables as a category had inflation at a high level of 36.54% in September, potato price skyrocketed by 107.63% from a year-ago period

The wholesale price-based inflation jumped to 1.32 percent in September in the wake of rise in the prices of food items.

The wholesale price-based inflation (WPI) was recorded at 0.16 percent during August.

"The annual rate of inflation, based on monthly WPI, stood at 1.32 per cent (provisional) for the month of September, 2020 (over September, 2019) as compared to 0.33 per cent during the corresponding month of the previous year," government data showed on Wednesday.

The WPI inflation was in the negative territory for four straight months -- April (-) 1.57 percent, May (-) 3.37 percent, June (-) 1.81 percent and July (-) 0.58 percent, reported PTI.

Prices of food articles (3.70 percent), crude petroleum and natural gas (1.41 percent) and minerals (0.12 percent) increased as compared to the previous month. Again, prices of non-food articles (-0.94 percent) declined as compared to August, 2020.

The annual rate of inflation based on WPI food index increased from 4.07 percent in August, 2020 to 6.92 percent in September, 2020.

Prices of cereals came down with a negative inflation print of 3.91 percent during the month, while, cost of pulses went up by 12.53 percent.

Vegetables as a category had inflation at a high level of 36.54 percent in September, potato price skyrocketed by 107.63 percent from a year-ago period. However, onions had deflation at 31.64 percent.

In the manufactured products category, the inflation during the month rose to 1.61 percent, from 1.27 per cent a month ago, the government data said.

With inputs from agency

Image credit: File photo

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