Wholesale inflation jumps to 11.39% in September as food, fuel costs rise

India's wholesale inflation accelerated to 11.39% year-on-year in September, up from 9.92% in August, according to official data from the commerce and industry ministry. The increase was driven by rising prices in fuel and power, food, and manufactured products. The ministry identified several key drivers of this inflation, including mineral oils, crude petroleum and natural gas, coal and lignite, basic metals, chemicals, textiles, rubber and plastic products, and electrical equipment.

Specific sector data shows inflation in fuel and power rose to 25.85% in September from 22.93% in August, while inflation for manufactured products increased to 9.76% from 8.37%. The wholesale food index, which includes food articles and manufactured food products, recorded inflation of 8.66% in September compared to 7.05% in August. Inflation in primary articles, including food, non-food articles, and minerals, rose to 8.67% from 7.76% over the same period.

Separately, data released earlier this week showed the country’s retail inflation rose to 5.54% in September from 4.83% in August, driven largely by a sharp rise in food prices, particularly vegetables.

Brief written by urgent.news from Business Standard IN, The Economic Times - Economy, Investing.com — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.