Wholesale inflation, measured by the Wholesale Price Index (WPI), surged to 1.84% in September, up from 1.31% in August, according to data released by the Ministry of Commerce and Industry on Monday.
The rise is mainly attributed to increasing food prices and select manufacturing sectors.
The WPI for September stood at 154.6, marking a slight month-on-month increase of 0.06%. The spike in primary articles, up by 0.41%, was driven by a significant rise in food prices, especially onions, which saw a 25.41% jump month-on-month and a 78.82% increase year-over-year. Overall, vegetables faced a steep inflation rate of 48.73%, with potatoes also witnessing a sharp 78.13% rise.
The Food Index experienced a rise, surging from 3.26% in August to 9.47% in September.
The fuel and power category showed a monthly decline of 0.81%. Manufactured products registered a slight uptick of 0.14%, with sectors such as food products, motor vehicles, trailers, and machinery contributing to the rise, while chemicals and basic metals witnessed a decline in prices.
Movement of Wholesale Inflation in FY25
