India’s provisional wholesale-price inflation rose from 9.92 per cent in August to 11.39 per cent in September. Fuel, food and metals were among the reported drivers. Inflation accelerated across primary articles, fuel and power, and manufactured products, according to the official release, which also reported higher annual inflation for its food index. Food inflation rose from 7.05 per cent to 8.66 per cent.
India’s provisional annual wholesale inflation reached 11.39 per cent in September, up from 9.92 per cent in August. Fuel, food and metal price increases were among the drivers. The government published the release on 14 October. The wholesale-price index rose from 110.8 to 112.5, using the financial year 2022–23 as its base.[1], [2]
Annual inflation for primary articles rose from 7.76 per cent to 8.67 per cent. Fuel and power inflation accelerated from 22.93 per cent to 25.85 per cent, while manufactured products increased from 8.37 per cent to 9.76 per cent. The government identified mineral oils and petroleum products, crude petroleum and natural gas, coal and lignite, metals and chemicals among the sources of higher prices. Textiles, rubber and plastic products and electrical equipment also contributed.[1]
The wholesale food index, which has a weight of 24.99 per cent, registered annual inflation of 8.66 per cent, up from 7.05 per cent. The September provisional figures had a weighted response rate of 83.4 per cent. July’s final inflation rate remained at 9.78 per cent, with a response rate of 98.97 per cent. The October wholesale-price release is scheduled for 16 November.[1]
