New Delhi : According to government data released on Monday, wholesale price inflation increased to 1.84 per cent in September due to higher prices of food items, particularly vegetables. In August, the inflation based on the wholesale price index (WPI) was recorded at 1.31 per cent. It stood at -0.07 per cent in September of the previous year. The inflation rate for food items spiked to 11.53 per cent last month, compared to 3.11 per cent in August. In August, vegetable prices rose by 48.73 per cent compared to a decrease of 10.01 per cent.
In September, inflation rates for potatoes and onions remained elevated at 78.13 pc and 78.82 pc, respectively. In September, there was a 4.05 per cent decrease in the fuel and power category, compared to a 0.67 per cent decrease in August.
The commerce and industry ministry stated that the rise in inflation in September 2024 is largely attributed to higher prices of food items, food products, and various manufacturing sectors such as motor vehicles, machinery, and equipment. The RBI, focusing on retail inflation, decided to maintain the repo rate at 6.5 pc in the recent monetary policy review. Later in the day, the retail inflation figures will be made public
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