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Sept WPI eases at 2.38%, food inflation cools to 33-mth low

The WPI was expected to come in at 3.1 percent on a lower primary and fuel inflation.

Sept WPI eases at 2.38%, food inflation cools to 33-mth low

Inflation data based on Wholesale Price Index (WPI) for September eased to 5-year low at 2.38 percent against 3.74 percent on a month-on-month basis on lower food and fuel inflation.

Food inflation, which came in at 33-month low, stood at 3.52 percent against 5.15 percent, while the fuel and power group inflation came in at 1.33 percent against 4.54 percent on a month-on-month basis. Manufactured products inflation came in at 2.84 percent against 3.45 percent. The July WPI inflation has been revised to 5.41 percent from 5.19 percent.

A CNBC-TV18 poll has estimated WPI to come in at 3.1 percent on a lower primary and fuel inflation.

Even the consumer price inflation data for the month of September, which was released yesterday, cooled off to its all-time low of 6.46 percent, the lowest since India started computing consumer price index (CPI) in January 2012, led by lower food prices and fuel costs.

Within the monthly WPI data, growth in its respective components (MoM) stood at:

Vegetable Index down 13 percent
Primary Articles Index down 1.3 percent
All Commodities Index down 0.4 percent
Manufactured Products Index unchanged
Non-food Articles Index down 2 percent
Primary Articles Inflation at 2.18 percent against 3.89 percent
Fuel & Power Group Index down 0.3 percent
Food Articles Index down 1.4 percent

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