The wholesale price-based inflation declined for the fourth consecutive month to 10.7 per cent in September on softening in prices of food, fuel and manufactured items.<\/p>\n
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Photograph: ANI Photo<\/span><\/p>\n The Wholesale Price Index-based inflation was 12.41 per cent in August and 11.80 per cent in September last year.<\/p>\n This year, the Wholesale Price Index (WPI) touched a record high of 15.88 per cent in May.<\/p>\n \u00a0<\/p>\n September is the 18th consecutive month of double-digit WPI inflation.<\/p>\n “Inflation in September, 2022 is primarily contributed by rise 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,” an official statement said.<\/p>\n Inflation in food articles in September eased to 11.03 per cent, against 12.37 per cent in August.<\/p>\n However, inflation in vegetables rose to 39.66 per cent during the month, as against 22.29 per cent in August.<\/p>\n In the fuel and power basket, inflation came in lower at 32.61 per cent in September, against 33.67 per cent in August.<\/p>\n In manufactured products and oil seeds it was 6.34 per cent and (-) 16.55 per cent, respectively.<\/p>\n The RBI mainly looks at retail inflation to frame monetary policy.<\/p>\n Retail inflation remained above the Reserve Bank’s upper tolerance threshold of 6 per cent for the ninth month in a row and was at a 5-month high of 7.41 per cent in September, as per data released earlier this week.<\/p>\n To tame stubbornly high inflation, the RBI has hiked the key interest rate four times this year to 5.90 per cent — the highest since April 2019.<\/p>\n<\/div>\n[ad_2]\n<\/p>\n News From This Website <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"