India’s annual rate of inflation, based on monthly wholesale price index (WPI), decreased in September 2021 compared to the previous month. In September, WPI inflation stood at 10.66 per cent, compared to 11.37 per cent in August, and an all-time high of 12.94 per cent in May 2021. WPI inflation was 1.32 per cent in September 2020 (over September 2019).
“The high rate of inflation in September 2021 is primarily due to rise in prices of mineral oils, basic metals, non-food articles, food products, crude petroleum & natural gas, chemicals and chemical products, etc as compared the corresponding month of the previous year,” the Office of Economic Adviser, department for promotion of industry and internal trade, under the ministry of commerce and industry, said.
The official WPI for all commodities (Base: 2011-12 = 100) for the month of September 2021 increased to 136.0 from previous month’s 135.9.
The index for manufactured products (weight 64.23 per cent) for September 2021 increased to 133.8 from 133.0 for the month of August 2021. The index for ‘Manufacture of Textiles’ sub-group increased to 132.7 from previous month’s 132.2, while the index for ‘Manufacture of Wearing Apparel’ also rose to 143.7 from 142.0 in August 2021.
The index for primary articles (weight 22.62 per cent) declined to 154.9 in September 2021 from previous month’s 155.8. The index for fuel and power (weight 13.15 per cent) too dropped to 114.7 from 116.0 in August 2021.
Meanwhile, the all-India inflation rate for consumer price index (CPI) on base 2012=100 stood at 4.35 (provisional) in September 2021 compared to 5.30 (final) in August 2021 and 7.27 in September 2020, according to the Central Statistics Office, ministry of statistics and programme implementation.
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