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# Business

WPI inflation eases in Sep as food prices prices fall

The WPI inflation has remained in the deflationary zone for the sixth month in a row in September, the data revealed.

IANS | New Delhi | October 16, 2023 1:31 pm

WPI inflation eases in Sep as food prices prices fall

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India’s wholesale price index (WPI) based inflation remained in negative zone as it eased to (-) 0.26 per cent in September against (-) 0.52 per cent recorded the previous month, according to data released by the Union Finance Ministry on Monday.

The deflation was primarily due to fall in prices of chemical & chemical products, mineral oils, textiles, basic metals and food products as compared to the corresponding month of previous year.

The WPI inflation has remained in the deflationary zone for the sixth month in a row in September, the data revealed.

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In March this year, WPI inflation had fallen to a 29-month low of 1.34 per cent owing to steep fall in indexes of primary articles, manufactured products, fuel and power as well as food.

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# Opinion

Inflation pressures

Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.