From 12.41% in August, wholesale inflation decreased to 10.7% in September

  • 14-Oct-2022
  • From 12.41% in August, wholesale inflation decreased to 10.7% in September

Inflation based on the wholesale pricing index (WPI) decreased to 10.70% in September. WPI-based inflation in August was 12.41%, according to official figures released on Friday.

"Inflation in September, 2022 is significantly contributed by increase in 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", said the government release.

The highest inflation was considered  in high-speed diesel (HSD) at 65.96 per cent (YoY). It was followed by a 49.79 per cent rise in potato prices and a 44.72 per cent hike in crude petroleum and natural gas.On a month-on-month (MoM) basis, fuel and power was the only group that saw a rise inflation.

All the others recorded a fall in prices.The WPI Food Index also saw a decline in inflation."The rate of inflation based on the WPI Food Index decreased from 9.93 per cent in August 2022 to 8.08 per cent in September 2022," the office of economic advisor noted.

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