India’s wholesale price index (WPI)-based inflation rose to 1.84% year-on-year in September, compared to a four-month low of 1.31% in August, according to provisional data released by the Ministry of Commerce & Industry on Monday.
In July, WPI inflation was recorded at 2.04%, while it had increased to 3.36% in June. Additionally, the wholesale price index experienced a slight contraction of -0.1% in September 2023.
“Positive rate of inflation in September 2024 is primarily due to increase in prices of food articles, food products, other manufacturing, manufacture of motor vehicles, trailers & semi-trailers, manufacture of machinery & equipment, etc.,” according to a statement by the Ministry of Commerce & Industry.
Furthermore, the month-over-month change in the WPI index for September 2024 was recorded at 0.06% compared to August 2024, Financial Express reports.
According to the release by the Ministry of Commerce & Industry, inflation for food articles surged to 11.53% in September, up from 3.11% in August. Inflation for primary articles rose to 6.59% in September, compared to 2.42% in August. Meanwhile, fuel and power inflation stood at -4.05% in September, an increase from -0.67% in August. Inflation for manufactured products was reported at 1.00% during the month under review.
In addition, within the food articles category, vegetable inflation surged to 48.73% in September, a significant increase from -10.01% in August. Pulses inflation for September was recorded at 12.99%, while wheat inflation rose to 7.60%, compared to 7.28% in August. Cereals inflation stood at 8.08%, and inflation for eggs, meat, and fish was reported at -0.80%. Moreover, potatoes and onions experienced inflation rates of 78.13% and 78.82%, respectively.
The non-food articles category reported WPI inflation of -1.64% in September, compared to -2.08% in the previous month. Inflation for minerals was recorded at 3.03% in September, down from 8.76% in August.
Meanwhile, crude petroleum and natural gas experienced wholesale inflation of -13.04% in September, with crude petroleum alone at -16.78%.
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Date for the month ending September, 2024
| Sr. No. | Received From | Pending at the end of the month | Received | Resolved | Total Pending# | Pending complaints > 3 months | Average Resolution Time^ (in days) |
|---|---|---|---|---|---|---|---|
| 1 | Directly from Investors | NIL | NIL | NIL | NIL | NIL | N/A |
| 2 | SEBI (SCORES) | NIL | NIL | NIL | NIL | NIL | N/A |
| 3 | Other Sources (if any) | NIL | NIL | NIL | NIL | NIL | N/A |
| Grand Total | NIL | NIL | NIL | NIL | NIL | N/A |
^Average Resolution time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month. If you have a complaint, send it to this email, [email protected]