Wholesale inflation hits series high of 11.39% in September on broad rise

India's wholesale inflation rose to a series high of 11.39% in September, up from 9.92% in August, according to data from the commerce and industry ministry. Business Standard IN reported that the increase was driven by broad rises across food, fuel, and manufactured product prices. The Economic Times - Economy noted that inflation in fuel and power reached 25.85% in September, while manufactured product inflation increased to 9.76% from 8.37% in August.

Key drivers of the wholesale inflation included mineral oils, food articles, crude petroleum and natural gas, coal and lignite, basic metals, chemicals, textiles, rubber and plastic products, and electrical equipment. The wholesale food index rose to 8.66% in September from 7.05% in August. Additionally, The Economic Times - Economy reported that retail inflation increased to 5.54% in September from 4.83% in August, fueled by a sharp rise in food prices, particularly vegetables.

Brief written by urgent.news from Business Standard IN, FXStreet, Business Recorder, The Economic Times - Economy — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.