WPI inflation hits six-month high in September but stays in the negative
Live MintNew Delhi: India’s Wholesale Price Index inflation rose in September but remained negative for the sixth consecutive month. Meanwhile, easing vegetable prices led to wholesale food inflation falling to 1.54% in September from 5.62% in August. “Deflation in September 2023 is primarily due to the fall in prices of chemical and chemical products, mineral oils, textiles, basic metals and food products as compared to the corresponding month of previous year,” an official statement said. “Some of the groups that witnessed a decrease in prices are food products, motor vehicles, trailers and semi-trailers, electrical equipment, leather and related products, chemical and chemical products, etc., in September 2023 as compared to August 2023,” the official statement added. Consumer Price Index-based inflation eased for the second consecutive month in September to 5.02%, aided by a slower rise in vegetable prices and an overall decline in food inflation, from 6.83% in August.