[India] - Sharp spike in food rates bumps WPI inflation to 1.84% in September

INSUBCONTINENT EXCLUSIVE:
increase in September to 1.84 per cent from 1.31 per cent in August, primarily on the back of a sharp spike in the prices of food
items. Food prices inflation increased to 11.53 per cent during the month as compared to 3.11 per cent during August, data released by
the Ministry of Commerce and Industry on Monday showed
As per the data, prices of other major sub-indices like manufactured products witnessed deceleration
articles was led by sharp acceleration witnessed in the prices of onion (78.8 per cent), vegetables (48.7 per cent) and potato (78.1 per
cent)
While the prices of fruits (12.2 per cent), pulses (12.99 per cent), cereals (8.08 per cent) and paddy (8.07 per cent) decelerated during
further decline in inflation to 1 per cent from 1.22 per cent in the preceding month
This was led by a deceleration in the prices of textiles, wood products, chemicals, pharmaceuticals and rubber products among other
prices of fuel and power (-4.05 per cent) further contracted in September as the prices of high-speed diesel (-5.33 per cent) and petrol
(-7.47 per cent) further contracted
after an unfavourable base effect and a slowdown in economic activities led to a contraction in the Index of Industrial Production (IIP)
(y-o-y) in August for the first time in 22 months
PMIST