INSUBCONTINENT EXCLUSIVE:
Wholesale inflation for September 2021 declined due to fall in rates of fuel and food articlesWholesale cost index based inflation fell in
September 2021 to 10.66 per cent from 11.39 per cent in August 2021 as prices of main short articles, fuel - & power along with food slid
throughout the period.Wholesale inflation was at a six-month low in September however at the very same time stayed at double-digit levels
for the 6th straight month, according to the month-to-month information launched by the Commerce Ministry.In September 2021, the regular
monthly fall in WPI inflation was led by decline in the index of main articles group, which was 154.9 in September 2021 compared to 155.8
Under this group, rates of unrefined petroleum - & gas, minerals and food short articles declined throughout September 2021 over August 2021
In general the WPI inflation for main short articles decreased to 4.1 per cent in September 2021 compared to 6.2 percent in August 2021
The index for fuel - & power fell to 114.7 in September 2021 compared to 116 of August 2021
Under this index, costs of mineral oils declined while those of coal and electrical power stayed unchanged.The overall WPI inflation for
fuel - & power fell to 24.8 per cent in September 2021 compared to 26 percent in August 2021Also the WPI-based inflation for food index was
up to 1.14 per cent in September 2021 from 3.4 per cent in August 2021
WPI inflation for made items though rose slightly in September 2021 to 11.41 percent from 11.39 per cent in August 2021
However at the exact same time, compared to the wholesale inflation rate of 1.32 per cent in September 2020, the 10.66 per cent rate for
September 2021 is a practically 10 times increase and was generally due to increase in costs of mineral oils, standard meals, non-food short
articles, foodstuff, crude petroleum in addition to chemical items.
