Business

WPI dives to 2.6 pc; breather for masses ?

 India’s wholesale price inflation (WPI) came down to 2.6 per cent in September, as per government data.

This after the inflation touched a four-month high in August.

Based on monthly Whole Sale Price Index, the annual rate of inflation stood at 2.60 per cent (provisional) for the month of September, 2017 (over September, 2016).

As compared to 3.24 per cent (provisional) for the previous month and 1.36 per cent during the corresponding month of the previous year, a Ministry of Commerce Industry statement said.

 

Build up inflation rate in the financial year so far was 0.97 per cent compared to a build up rate of 3.44% in the corresponding period of the previous year, the statement said.

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