SME Times News Bureau | 15 Oct, 2018
India's annual rate of inflation based on wholesale prices
increased to 5.13 per cent in September from August's 4.53 per cent, official
data showed here on Monday.
The annual rate of inflation, based on monthly WPI, stood at
5.13% (provisional) for the month of September, 2018 (over September, 2017) as
compared to 4.53% (provisional) for the previous month and 3.14% during the
corresponding month of the previous year, said an official release.
Build up inflation rate in the financial year so far was
3.87% compared to a build up rate of 1.50% in the corresponding period of the
previous year, it added.
In August, wholesale inflation had eased to a four-month low
of 4.53% on softening food prices, especially vegetables. Inflation based on
the Wholesale Price Index (WPI) based inflation was 5.09% in July and 3.24% in
August last year.
During the month, food articles registered deflation at
4.04% in August 2018. Last month, deflation in this category was 2.16%.
Deflation in vegetables was 20.18% in August, as against 14.07% in the previous
month.
In September, while the indexes for food articles group and
non-food-articles group declined by 0.2 percent each, the e index for minerals
group rose by 9.7 percent.
The index for crude Petroleum & natural gas group rose
by 1.1 percent.