WPI INFLATION FALLS TO 0.13% IN SEPTEMBER AS FOOD PRICES EASE

Wholesale inflation, as measured by the Wholesale Price Index (WPI), slowed to 0.13% in September, driven by deep deflation in food prices, according to data released by the ministry of commerce and industry on Tuesday.

- Auhona Mukherjee

The September WPI print comes after the index expanded by 0.52% in August, after contracting for two months by 0.19% and 0.58% in June and July, respectively. Ona sequential (month-on-month) basis, however, WPI contracted by 0.19%, compared to an expansion of 0.52% in August.