New Delhi: The wholesale price index-based inflation remained in the negative territory for the sixth straight month in September at (-)0.26 percent, on easing prices of food articles.
The WPI-based inflation rate has been in the negative since April and was (-)0.52 percent in August. In September last year, it was 10.55 percent.
Inflation in food articles eased to 3.35 percent in September, after remaining in double digits in the previous two months. It was 10.60 percent in August.
“Deflation in September 2023 is primarily due to fall in prices of chemical & chemical products, mineral oils, textiles, basic metals and food products as compared to the corresponding month of the previous year,” the commerce and industry ministry said on Monday.
Fuel and power basket inflation was at (-)3.35 percent in September, against (-)6.03 percent in August.
In manufactured products, inflation rate was (-)1.34 percent, as against (-)2.37 percent in August.
Data released last week showed that the annual retail or consumer price inflation was at 5.02 percent in September, a 3-month low level.
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