Wholesale inflation eases to 2.6% in September as food items soften

The rate had soared to a four-month high of 3.24 per cent in August 2017

 

The annual rate of Wholesale Price Index (WPI)-based inflation eased to 2.60 per cent in September as prices of food articles, led by vegetables, softened. This was after wholesale inflation had soared to a four-month high of 3.24 per cent in August 2017.

Compared with the same month last year, however, the rate of inflation saw an increase from 1.36 per cent in September 2016.

The government data released on Monday showed that inflation in food articles tapered to 2.04 per cent during the month, against 5.75 per cent in August on an yearly basis. Inflation in vegetable prices cooled to 15.48 per cent in September, against a high of 44.91 per cent the previous month.

Onion prices, however, continued to rule high, with 79.78 per cent increase in September. In the egg, meat and fish segment, the rate of price rise was 5.47 per cent. Inflation in manufactured products witnessed a slight increase to 2.72 per cent, against 2.45 per cent in August...READ MORE