Team News Riveting
New Delhi, October 14
The wholesale price index-based (WPI) inflation for the month of September 2021 stood at 10.66 per cent over the same month in the previous year.
The inflation is lower than the 11.16 percent registered in August 2021. “The annual rate of inflation is 10.66 per cent (Provisional) for the month of September, 2021 (over September, 2020) as compared to 11.32 per cent in September, 2020,” the Ministry of Commerce and Industry said in a statement.
The high rate of inflation in September 2021 is primarily due to rise in prices of mineral oils, basic metals, non-food articles, food products, crude petroleum and natural gas, chemicals and chemical products etc as compared the corresponding month of the previous year. The wholesale price index (WPI) inflation remained in double digits throughout the current financial year.
The Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group have increased from 159.6 in August, 2021 to 159.8 in September, 2021. The rate of inflation based on WPI Food Index decreased from 3.43 per cent in August, 2021 to 1.14 per cent in September, 2021.
