India's WPI inflation surges to 11.39% in September on higher food, fuel prices
India's wholesale price index-based inflation surged to 11.39% in September due to higher food, manufactured items, and energy prices. Wholesale inflation has risen significantly amidst global commodity inflation linked to the ongoing West Asia conflict. The rising costs have impacted various aspects of the economy, including the manufacturing sector and consumer prices. Retail inflation also…
India's wholesale price index (WPI)-based inflation surged to a series-high of 11.39% in September, driven by rising food, manufactured items, and fuel and power prices. The food index rose to 8.66% in September from 7.05% in August, while manufactured items saw wholesale inflation climb to a series-high of 9.76%. Inflation in the fuel and power basket also accelerated, reaching 25.85% in September against 22.93% in August.
ICRA principal economist, Rahul Agrawal, attributed the surge to elevated global commodity inflation, while Barclays warned that wholesale and producer price inflation could accelerate due to elevated international energy and metal prices.
Brief written by urgent.news from Times of India's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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