Wholesale inflation falls to 2.6% in Sept as food items soften

The rate of inflation based on WPI Food Index consisting of "Food Articles" from Primary Articles group and "Food Product" from Manufactured Products group decreased from 4.41% in August 2017 to 1.99% in September 2017.

In August, the wholesale price index (WPI) had zoomed to a four-month high of 3.24 per cent. WPI inflation was at 1.36 per cent in September previous year.

And inflation in vegetable prices cooled to 15.48 percent in September as against a high of 44.91 percent last month.

Build up inflation rate in the financial year so far was 0.97% compared to a build-up rate of 3.44% in the corresponding period of the previous year.

Fuel inflation has remained high in the past two months as petrol and diesel prices continued to be priced high relentlessly on global crude oil rates, while power tariffs shot through the roof on lower domestic production.

On the flip side, inflation marginally narrowed in the fuel and power segment from 9.99 percent in August to 9.01 in September, the Union Ministry of Commerce and Industry data showed. The index for "Manufacturing of Textiles" group rose by 0.6 per cent to 113.4, while the index for "Manufacturing of Wearing Apparel" group rose by 0.1 per cent to 136.6 in September.

Retail inflation for September as indicated by the consumer price index (CPI), which has a different composition of commodities, however remained unchanged in September at 3.28%, from its revised figure for August, according to the data released by the Central Statistics Office (CSO) on 12 October.

Wholesale prices had accelerated in July to 1.88 per cent from June's rise of 0.90 per cent and an increase of 2.26 per cent reported for May.

Earlier this month, the Reserve Bank of India maintained its hawkish stand, keeping its key interest rate unchanged at 6 per cent in view of rising inflationary pressure and concerns over "fiscal slippage". This was after wholesale inflation had soared to a four-month high of 3.24 per cent in August 2017.

Like this



16 October 2017
Bixby 2.0 to Be Announced Next Week at Samsung's Developer Conference
According to a report by the Korean Herald , #The South Korean OEM is planning to release the next edition of Bixby . Interestingly, Bixby is already integrated into Samsung's Gear IconX wireless earbuds.

16 October 2017
'Me Too' draws attention to sexual assault and harassment
This Twitter trend has created a platform where women feel safe sharing their past experiences. "Multiple times", said Muñoz. Women in India also became a part of the global movement and shared how they face sexual harassment nearly every day.

16 October 2017
Huawei Y6 Pro launched: Price, features and more
It is backed by a 2GB of RAM and 16GB of internal storage, which can be expanded via micro SD card slot. Coming to the camera department, the device features a 13MP primary camera and a 5MP secondary camera.

16 October 2017
Gov't remains committed to PUV Modernization Program-Palace
Work in all courts nationwide, as well as in the Senate were also suspended. It also said the private sector will not be covered by the suspension.

16 October 2017
Manchester United will embrace 'beautiful' atmosphere at Anfield - Mourinho
Both sides are looking to make a big push for a title run this season with Manchester United now joint top of the Premier League . Unbeaten Man Utd move top of the Premier League ahead of Manchester City's 3pm trip to Crystal Palace .

16 October 2017
Russia Reportedly to Issue CryptoRuble
The cryptocurrency world also provides an opportunity for Russian Federation and its other allies to reduce reliance on the U.S. Nikiforov also reportedly said that if Russian Federation didn't do it, European authorities might beat them to the punch.

16 October 2017
Alabama the unanimous No. 1 in both polls
I did bump the Sooners back in front of the Tigers, they same spot they were in two two weeks ago before the mid-season losses. The only team that stands between Penn State and a No. 1 ranking is Alabama - which dispatched Arkansas on Saturday night.

16 October 2017
Leaked Poster Of Xiaomi Redmi 5A Reveals 8-Day Battery Life
This is also where we spotted the fact that the new device would have 8 days of battery life and would weigh in at 137 grams. The Xiaomi 5A leak has revealed many new features and specifications of the phone including its full metal body.

16 October 2017
PIMCO Dynamic Income Fund (NYSE:PDI) Declares Monthly Dividend of $0.22
Robinson Capital Management, LLC augmented its stake by buying 11,857 shares an increase of 112.3% from 03/31/2017 to 06/30/2017. As of the end of the quarter Baird Financial Group, Inc. had bought a total of 2,150 shares growing its stake by 13.2%.

16 October 2017
Flipkart eyeing stake in online ticketing platform BookMyShow
Last month, Flipkart bought F1 Info Solutions, which offers fix services for mobile and electronics, for an undisclosed amount. Currently, Reliance Industries-owned Network18 is the single largest shareholder in BookMyShow with a 39 percent stake.