India’s wholesale inflation quickens
NEW DELHI: India’s wholesale inflation accelerated to 11.39 percent year-on-year in September, government data showed on Wednesday, as oil and food prices increased at a faster pace. The print was higher than the 9.92 percent rise a month ago and economists’ average projection of 10.18 percent in a Reuters poll . Here are some details: - Wholesale food prices rose 8.66 percent year-on-year in…
India's wholesale inflation accelerated to 11.39 percent year-on-year in September, government data revealed on Wednesday, driven by surging oil and food prices. The figure surpassed the 9.92 percent increase from the previous month and exceeded economists' average forecast of 10.18 percent in a Reuters poll. Notably, wholesale food prices surged 8.66 percent year-on-year, up from 7.05 percent in August, while manufactured products prices climbed 9.76 percent, up from 8.37 percent in the prior month.
Fuel and power prices also saw a significant rise of 25.85 percent year-on-year, up from 22.93 percent in the previous month, while petroleum and natural gas prices increased 57.32 percent, compared to a 34.41 percent rise in August.
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