Wholesale Inflation: Gift before festivals, wholesale inflation remained below zero in September
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There is relief news regarding inflation before the festivals. Efforts to control inflation before the festivals seem to be successful. After retail inflation, now wholesale inflation has also started decreasing before the festival. If data is to be believed, there has been a decline in prices in the month of September. Wholesale inflation has remained less than zero for the sixth consecutive month.
drop in wholesale prices
According to the information, wholesale inflation figures have been released on Monday itself. According to this, the inflation rate has been -0.26 percent i.e. 0.26 percent less than zero. These figures clearly show that at the wholesale level there has been a decline of 0.26 percent in inflation and prices. The wholesale inflation rate was down 0.52 percent in August. Let us tell you that since April 2023, wholesale inflation has continuously been below zero.
According to the Commerce Ministry, the prices of primary articles have remained very low in the month of September. The inflation rate in this category during July was 8.24 percent. After this, there was a decline in the prices of primary articles in August, when the rate reached 6.34 percent. Now this period of decline has continued in September. Inflation rate on primary articles has come down to 3.70 percent in September.
Softness in fuel and electricity
Wholesale inflation has come down in terms of fuel and electricity. This inflation has now reached 3.35 percent. However, in August and July it was at 6.03 percent and 12.73 percent.
retail inflation reduced
Let us tell you that retail inflation is continuously decreasing. CPI based inflation figures have been released according to which retail inflation is decreasing. Let us tell you that retail inflation has come down to 5.02 percent in September. This level is the lowest during the last three months. Retail inflation in August was 6.83 percent.
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