Inflation worms up to 8.62 pc in Sept

Fuel and power prices went up by 11.06 pc last month

PTI | October 15, 2010



Wholesale price inflation moved up to 8.62 per cent in September, from 8.51 per cent in the previous month, because of rise in prices of certain food and non-food items.

The inflation was at 8.51 per cent in August.

For July, the figure has been revised upwards to 10.31 per cent from the provisional number of 9.97 per cent.

This is the second consecutive month when the overall inflation has been in the single digit. It had remained over 10 per cent for five months till July.

As per the WPI data, prices of primary articles -- food, non-food articles and minerals -- shot up by 17.45 per cent on an annual basis.

During the month, fuel and power prices went up by 11.06 per cent, while manufactured goods became expensive by 4.59 per cent on an annual basis.

Related report:

Food inflation up, cereals, veegtables get costlier

Food inflation rose marginally to 16.37 percent for the week ended October 2, on the back of higher prices of cereals, fruits, select vegetables and milk. After falling in the previous week, food prices again went up by 13 percentage points.

Food inflation was 16.24 percent for the week ended September 25.

As per the latest figures, food inflation was driven mainly by higher prices of pulses, rice and wheat. Besides, vegetables became expensive by 19.84 per cent on annual basis, the highest increase in many months.

Official data released here showed that on an annual basis, cereals prices have risen by 5.06 percent. Prices of pulses rose by 4.89 percent on a yearly basis. Also, wheat and rice became costlier by 6.88 percent and 2.82 percent, respectively. Among other food items, milk prices soared by 21.65 percent during the week compared to the same period last year, while fruits became dearer by 12.75 percent. Onion prices went up by 0.24 percent year-on-year. However, potato prices continued to fall and showed a decline of 49.36 percent.

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