10/20/2020

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Wholesale inflation rises to 1.32% in September

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new Delhi. Wholesale inflation has increased due to the rise in prices of food items. Inflation based on the Wholesale Price Index (WPI) has increased to 1.32 per cent in September 2020. This information has been revealed by the data released on Wednesday by the Ministry of Commerce and Industry.

WPI-based inflation stood at 1.32 per cent in September as compared to 0.33 per cent in the same period last year, according to official figures. It may be noted that inflation based on wholesale prices was 0.16 percent in August. Earlier, wholesale inflation was negative for the four consecutive months ie -1.57% in April, -3.37% in May, -1.81% in June and -0.58% in July.

According to data from the Ministry of Commerce and Industry, inflation in food articles stood at 8.17 percent, compared to 3.84 percent in August. Grain prices declined during the period under review, while pulses became expensive. During this period, the rate of costlier vegetables was at a high level of 36.54 per cent. Potato prices were 107.63 per cent higher than a year ago. However, there was some fall in onion prices.

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