WPI inflation rises to 1.32 % in September — driven by food getting more expensive – Business Insider India

Restaurant News
image

New Delhi, Oct 14 () The wholesale price-based inflation rose to 1.32 per cent in September mainly on the back of costlier food articles. “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 wholesale price-based inflation stood at 0.16 per cent in August.

The wholesale price index based (WPI) inflation was in the negative territory for four straight months — April (-) 1.57 per cent, May (-) 3.37 per cent, June (-) 1.81 per cent and July (-) 0.58 per cent.

Advertisement


Inflation in food articles during the month was at 8.17 per cent, as against 3.84 per cent in August, showed the data from the commerce and industry ministry.

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

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

Advertisement


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

SEE ALSO:
Wipro’s share price dips by over 6% after earnings — analysts believe it will take a while to catch up to TCS and HCL Technologies

Apple’s new iPhone 12 series with 5G launched starting at ₹ 69,999 along with HomePod Mini debut

Source: Thanks https://www.businessinsider.in/policy/economy/news/wpi-inflation-rises-to-1-32-in-september-driven-by-food-getting-more-expensive/articleshow/78656241.cms