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Wholesale inflation in September rises to 5.13%

The government data on Monday showed that the wholesale inflation based on the wholesale price index stood at 5.13 per cent in September as compared to 4.53 per cent in August.

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The government data on Monday showed that the wholesale inflation based on the wholesale price index stood at 5.13 per cent in September as compared to 4.53 per cent in August. 

 

The government data on Monday showed that the wholesale inflation based on the wholesale price index stood at 5.13 per cent in September as compared to 4.53 per cent in August. 

Inflation based on wholesale prices rose to a two-month high of 5.13 per cent in September, mainly due to hardening of food prices and rise in cost of petrol and diesel.

The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September last year.

According to the government data released Monday, food articles witnessed hardening of prices with deflation at 0.21 per cent September as against 4.04 per cent in August.

Deflation in vegetables was 3.83 per cent in September, compared to 20.18 per cent in the previous month.

Inflation in 'fuel and power' basket in September was 16.65 per cent. Individually, in petrol and diesel it was 17.21 per cent and 22.18 per cent, respectively, and for LPG it was 33.51 per cent.

Among food articles, potato inflation spiked to 80.13 per cent in September, while onion and fruits witnessed deflation of 25.23 per cent and 7.35 per cent, respectively. Deflation in pulses stood at 18.14 per cent.

The 5.13 per cent inflation is the highest in two months, and a higher inflation than this level was last seen in July at 5.27 per cent.

Data released last week showed retail inflation rose to 3.77 per cent in September from 3.69 per cent in the previous month. The RBI mainly takes into account retail inflation data while formulating monetary policy.

In its fourth monetary policy review for the fiscal last week, the Reserve Bank maintained status quo on the benchmark interest rate but warned that volatile and rising oil prices, and tightening of global financial conditions pose substantial risks to the growth and inflation.

In August wholesale prices eased to a four-month low of 4.53 per cent on softening of prices of food articles, especially vegetables.

The Wholesale Price Index (WPI) based inflation stood at 5.09 per cent in July and 3.24 per cent in August last year.

According to the government data released, food articles registered deflation at 4.04 per cent in August 2018. Last month, deflation in this category was 2.16 per cent.

Deflation in vegetables was 20.18 per cent in August, as against 14.07 per cent in the previous month.

Deflationary trend in food articles offset the double-digit inflation in 'fuel and power' basket in August. Inflation in this category was 17.73 per cent as prices of domestic fuel increased during the month, in line with high global crude oil rates.

While inflation in liquefied petroleum gas (LPG) was 46.08 per cent, in diesel and petrol it was 19.90 per cent and 16.30 per cent, respectively, during August.

Among food articles, potato inflation continued to rule high at 71.89 per cent in August, while onion and fruits witnessed deflation of 26.80 per cent and 16.40 per cent, respectively.

Deflation continued in pulses at 14.23 per cent in August.

The 4.53 per cent inflation is the lowest in four months, and a lower inflation than this level was last seen in April at 3.62 per cent.

As per the data, the WPI inflation for June was revised downwards to 5.68 per cent from the provisional estimate of 5.77 per cent.

In August wholesale prices eased to a four-month low of 4.53 per cent on softening of prices of food articles, especially vegetables.

The Wholesale Price Index (WPI) based inflation stood at 5.09 per cent in July and 3.24 per cent in August last year.

According to the government data released, food articles registered deflation at 4.04 per cent in August 2018. Last month, deflation in this category was 2.16 per cent.

Deflation in vegetables was 20.18 per cent in August, as against 14.07 per cent in the previous month.

Deflationary trend in food articles offset the double-digit inflation in 'fuel and power' basket in August. Inflation in this category was 17.73 per cent as prices of domestic fuel increased during the month, in line with high global crude oil rates.

While inflation in liquefied petroleum gas (LPG) was 46.08 per cent, in diesel and petrol it was 19.90 per cent and 16.30 per cent, respectively, during August.

Among food articles, potato inflation continued to rule high at 71.89 per cent in August, while onion and fruits witnessed deflation of 26.80 per cent and 16.40 per cent, respectively.

Deflation continued in pulses at 14.23 per cent in August.

The 4.53 per cent inflation is the lowest in four months, and a lower inflation than this level was last seen in April at 3.62 per cent.

As per the data, the WPI inflation for June was revised downwards to 5.68 per cent from the provisional estimate of 5.77 per cent.

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