ADVERTISEMENT

India's wholesale inflation falls to 2.6% in September 2017

ADVERTISEMENT
India's headline annual rate of inflation, based on the revised monthly wholesale price index (WPI), with base 2011-12=100, cooled down to 2.60% in September, 2017 as compared to 3.24% in the previous month and 1.36% in the corresponding month of the previous year, thanks to a fall in food and fuel prices.
 
An official statement, quoting provisional data, said here today that the official WPI for ‘All Commodities’ (Base: 2011-12=100) for September, 2017 declined by 0.4% to 114.3 from 114.8 for the previous month.
 
The statement said build-up inflation rate in the financial year so far was 0.97% compared to a build-up rate of 3.44% in the corresponding period of the previous year.
 
The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 4.41% in August, 2017 to 1.99% in September, 2017.
 
The rate of inflation for Fuel and Power, which has a weight of 13.15 in the index, fell to 9.01% in September from 9.99 in August, the statement said.
 
The statement said that, for July, 2017, the final WPI for ‘All Commodities’ (Base: 2011-12=100) and annual rate of inflation remained unchanged at its provisional level of 113.9 and 1.88 percent, respectively, as reported on August 14.
 
NNN
ADVERTISEMENT
 

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.