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

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.


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