Cheaper fuel, manufactured products cost eases as WPI falls to 0.33%

New Delhi, October 14

Lower prices of key transportation fuels along with those of manufactured products eased India’s annual rate of inflation based on wholesale prices to 0.33 per cent in September from 1.08 per cent in August.

Similarly, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry showed a decelerating trend as inflation had risen to 5.22 per cent during the corresponding period of 2018.

“Build up inflation rate in the financial year so far was 1.17 per cent compared to a build up rate of 3.96 per cent in the corresponding period of the previous year,” the Ministry said in its review of “Index Numbers of Wholesale Price in India” for September.—IANS