Zoom News : Oct 14, 2022, 01:45 PM
WPI in September: With the common man on the inflation front, the Modi government has got a big relief after a long time. After reaching a five-month high level of retail inflation, there seems to be a relief on the wholesale inflation rate. There is a decline in the wholesale inflation, which has crossed 15 percent in June and has come down to 10.70% as compared to 12.41 percent in August. But this is the 18th consecutive month when the Wholesale Inflation Rate (WPI) has remained above 10 percent.Wholesale inflation at 18-month lowEarlier in August, WPI had hit an 11-month low. But now it has come down to an 18-month low in September. In May, the WPI had reached a record high of 15.88 percent. In September, the food inflation rate has come down from 9.93% to 8.08% and edible oil WPI has come down from -0.74% to -7.32%.Similarly, the primary article WPI has come down from 14.93% to 11.73%. Fuel & Power WPI has come down from 33.67% to 32.61%. Manufactured product WPI has come down from 7.51% to 6.34%. Core WPI has declined from 7.8% to 7% in September.