The wholesale price-based inflation eased to 10.66 per cent in September, helped by moderating meals costs whilst crude petroleum witnessed a spike. WPI inflation remained in double-digit for the sixth consecutive month. In August, it was 11.39 per cent. In September 2020, inflation was 1.32 per cent.
The excessive fee of inflation in September 2021 is primarily resulting from rise in costs of mineral oils, primary metals, non-food articles, meals merchandise, crude petroleum & pure fuel, chemical substances and chemical merchandise and many others. as in contrast the corresponding month of the earlier 12 months, the Commerce and Trade Ministry stated in a press release.
Inflation in meals articles eased for the fifth straight month, recording (-) 4.69 per cent in September from (-) 1.29 per cent in August, primarily resulting from easing vegetable costs. Pulses costs continued to spike at 9.42 per cent. Inflation within the gasoline and energy basket was 24.91 per cent in September, towards 26.09 per cent within the earlier month. The rise in crude petroleum and pure fuel costs was 43.92 per cent in September over 40.03 per cent within the earlier month.
In manufactured merchandise, inflation stood at 11.41 per cent through the month. The RBI, which primarily takes under consideration retail inflation in its financial coverage, earlier this month saved rates of interest unchanged at document lows. Retail inflation in September too slowed to a five-month low of 4.4 per cent on moderating meals costs.