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  • India Wholesale Price Inflation Slows To 10.66% On Year In September

    Final WPI Inflation For July Revised To 11.57%

    India's wholesale price inflation came in at a provisional 10.66% on year for the month of September 2021 as compared to 1.32% in September 2020, data from commerce ministry showed on Thursday. 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 index for primary articles declined by (-0.58%) to 154.9 (provisional) in September 2021 from 155.8 (provisional) for the month of August 2021. Prices of Crude Petroleum & Natural Gas (-4.06%), Minerals (-2.34%) Food Articles (-0.25%) and Non-food Articles (-0.31%) declined in September 2021 as compared to August 2021. The index for Fuel & Power declined by (-1.12%) to 114.7 (provisional) in September 2021 from 116.0 (provisional) for the month of August 2021. Prices of Mineral Oils (-1.75%) declined in September 2021 as compared to August 2021. Prices of coal and electricity remain unchanged. The index for Manufactured Products increased by (0.60%) to 133.8 (provisional) in September 2021 from 133.0 (provisional) for the month of August 2021. The increase in prices is mainly contributed by manufacture of basic metals; food products; chemicals and chemical products; machinery and equipment; motor vehicles, trailers, semi-trailers; and fabricated metals. Some of the groups that have witnessed decrease in prices are manufacture of electrical equipment; computer, electronic and optical products; printing and reproduction of recorded media, and beverages in September 2021 as compared to August 2021.

    The WPI Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have increased from 159.6 in August 2021 to 159.8 in September 2021. The rate of inflation based on WPI Food Index decreased from 3.43% in August 2021 to 1.14% in September 2021. Meanwhile, for the month of July 2021, the final Wholesale Price Index and inflation rate for 'All Commodities' stood at 135.0 and 11.57 % respectively.

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Flash News 02-Dec-2021
  •  ( 17:36) Tega Industries IPO subscribed 13.87 times  
  •  ( 17:19) Anand Rathi Wealth IPO subscribed 1.60 times  
  •  ( 15:57) Mahindra Finance disbursements rise 14% YoY in November  
  •  ( 15:40) BDL inks Rs 471-cr deal with Indian Army  
  •  ( 15:22) HFCL appoints two industry leaders for its subsidiaries in US & Netherlands  
  •  ( 15:01) Skipper bags orders worth Rs 300 crore  
  •  ( 13:39) Benchmarks trade near day's high; The Nifty index re-claims 17,300 mark  
  •  ( 12:37) Oil & gas stocks rise for second day  
  •  ( 12:35) Indices trade with decent gains  
  •  ( 11:06) Lupin arm, TTP PLC sign deal to develop soft-mist inhalation tech platform  
  •  ( 11:06) Lupin arm, TTP PLC sign deal to develop soft-mist inhalation technology platform  
  •  ( 10:44) RattanIndia Ent. backed- Revolt Motors opens dealership store in Kolkata  
  •  ( 10:28) Maruti Suzuki November 2021 total production down 3% Y-o-Y to 1.45 units  
  •  ( 10:23) Globus Spirits wins tender for supplying ethanol to OMCs  
  •  ( 09:49) NMDC November 2021 iron ore production up 0.60% Y-o-Y to 3.34 MT  
  •  ( 09:29) Eicher Motors records 19% YoY drop in November motorcycle sales  
  •  ( 09:28) Hero MotoCorp sales drop 41% YoY in November  
  •  ( 09:28) Benchmarks drift higher in early trade  
  •  ( 09:18) Coal India November 2021 offtake nos. up 10.8% Y-o-Y to 56.8 MT  
  •  ( 08:56) JMC Projects (India) secures two orders in India worth Rs 1,795 cr  
  •  ( 08:29) US stocks end lower as Omicron and inflation worry investors  
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02 December 2021 00:00
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