Consumer Price Index for September: WPI inflation at -0.26%, negative for 6th consecutive month

Hello friends, in this article we will update you about the Cost of living. The cost of living is essentially the quantity of money a person needs to survive in a given place- to cover one’s necessities including water, housing, taxes, food, cost of commute, healthcare, etc. The elevated rate of inflation has moved up to price of living across the international, and the common man’s pocket burned. This news has been making the rounds on the internet as lots of people are keen to know about the complete information. Here we have more information about the news and we will share it with you in this article.

inflation

Reportedly, since the Russian-Ukraine fight broke out, the worth of raw fabrics and things has gone up. This has developed India’s payments outgo for oil, gold, and other things. India’s retail inflation saw a strong fall in September, dropping to a three-month low. Following reaching its peak level in the past 15 months, the Consumer Price Index (CPI) experienced a cooling impact, especially attributed to more down than the vegetable prices. You are on the right page for more information about the news, so please read the complete article.

The September inflation figure of 5.02% is notably down from the 6.83% recorded in August, as per the data released by the Ministry of Statistics on Thursday. This dip brings the inflation rate below the upper tolerance band of 2-6% set by the RBI. Industry specialists had expected this fall, pointing to an important fall in certain food items, particularly vegetable cost and edible oils. Passenger vehicle wholesales in India witnessed a 1.87 % year growth, coming in 3,61,717 units the previous month. Dispatchers to vendors stood at 3,55,043 units in September 2022. Two-wheeler sales also experienced development, reaching 17, 49,794 units the previous month compared to 17,35,199 units in the same time in 2022.

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September WPI inflation rises to -0.26%, negative for the 6th consecutive month

This year in September WPI WPI-based inflation is at -0.26%, against -0.52% in August, as per the data released by the National Statistical Office (NSO) on October 16. This is the 6th straight month, since April 2023, that WPI data has seen a negative trend. The food index in September stood at 1.54% and reached 5.62 % in August; while the WPI for primary articles was at 3.7% in September, against 6.34% in August. Here we have shared all the information that we had. Stay tuned to us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.