New Delhi, October 14: India's wholesale price inflation (WPI) rose to 1.84% in September, up from 1.31% in August and 2.04% in July, driven primarily by rising prices in food articles and select manufacturing sectors, according to government data released on Monday. The month-over-month WPI change for September was 0.06%.
Key drivers for this rise include increases in food products, manufactured items like motor vehicles, machinery, and equipment. Specifically, primary articles saw a 0.41% rise in their WPI index, with food articles increasing by 0.86%, minerals by 1.83%, and non-food articles by 1.31%.
Conversely, crude petroleum and natural gas prices fell by 5.74%, and fuel and power prices dipped by 0.81%, though electricity prices rose by 1.34%. Manufactured products overall saw a modest increase of 0.14%, with particular rises in food products and non-metallic mineral products.
Notably, the WPI food index, encompassing both primary and manufactured food articles, rose from 193.2 in August to 195.3 in September, reflecting a significant annual inflation jump from 3.26% to 9.47%. The WPI tracks changes in wholesale goods traded between companies.
