India`s WPI inflation eases further to 10.7% in September
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India`s inflation based on wholesale price index (WPI) eased further to 10.7% in the month of September 2022 as against 12.41% in August 2022. But, September is the 18th consecutive month of double-digit WPI inflation, 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.
Component wise, primary articles index, having weight of 22.62%, declined by 1.34% to 176.2 (provisional) in September 2022 from 178.6 (provisional) for the month of August 2022, as prices of non-food articles, crude petroleum & natural gas and minerals declined in September 2022 as compared to August 2022. However, prices of food articles increased in September, 2022 as compared to August, 2022.
Fuel & Power index, having weight of 13.15%, increased by 0.13% to 157.8 (provisional) in September 2022 from 157.6 (provisional) for the month of August 2022, as prices of electricity increased in September 2022 as compared to August 2022. On the flip side, prices of mineral oils declined in September 2022 as compared to August 2022.
Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, declined by 0.49% to 142.5 (provisional) in September 2022 from 143.2 (provisional) for the month of August 2022. Meanwhile, for the month of July 2022 the final Wholesale Price Index and inflation rate for 'All Commodities
