Wholesale Price Inflation Eases To 10.70% In September From A Year Ago

Wholesale Price-Based Inflation Eases To 10.70% In September From A Year Ago

WPI inflation eased to 10.7% last month

NEW DELHI:

Wholesale price-based inflation (WPI) eased in September to 10.70 per cent from a year ago, compared to 12.41 per cent in August, government data showed on Friday.

The Wholesale Price Index-based inflation was 12.41 per cent in August and 11.80 per cent in September last year. This year, the Wholesale Price Index (WPI) touched a record high of 15.88 per cent in May.

September is the 18th consecutive month of double-digit WPI inflation.

"Inflation in September, 2022 is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas, chemicals & chemical products, basic metals, electricity, textiles etc. as compared to the corresponding month of the previous year," an official statement said.

Inflation in food articles in September eased to 11.03 per cent, against 12.37 per cent in August.

However, inflation in vegetables rose to 39.66 per cent during the month, as against 22.29 per cent in August.

In the fuel and power basket, inflation came in lower at 32.61 per cent in September, against 33.67 per cent in August.

In manufactured products and oil seeds it was 6.34 per cent and (-) 16.55 per cent, respectively.

The RBI mainly looks at retail inflation to frame monetary policy.

Retail inflation remained above the Reserve Bank's upper tolerance threshold of 6 per cent for the ninth month in a row and was at a 5-month high of 7.41 per cent in September, as per data released earlier this week.

To tame stubbornly high inflation, the RBI has hiked the key interest rate four times this year to 5.90 per cent -- the highest since April 2019.

The September WPI was lower than the Reuters forecast of 11.50 per cent.

Adblock test (Why?)

from NDTV News- Special https://ift.tt/o6U7Vg1 https://ift.tt/0pj1rWf
via IFTTT

Comments

Salaries Of 12700 Punjab Teachers Tripled After Regularisation

Punjab government has tripled the salaries of 12,700 teachers, who were regularised recently. Chandigarh: Punjab Chief Minister Bhagwant Mann on Tuesday said the salaries of 12,700 teachers, who were regularised recently, have been increased by up to three times. In a statement here, Mr Mann said these teachers will be known as associate teachers and special inclusive teachers, adding that they will be governed by a 'Policy for Welfare of Adhoc, Contractual, Temporary Teachers (Nation Builders) and other employees in the School Education Department'. Based on their educational qualifications and primary conditions for entry into services, their emoluments have been fixed up to the completion of 58 years in service. Mr Mann said these teachers will be entitled to an increment of 5 per cent on their salaries every year. The chief minister said BA pass education providers (associate teachers) who were hitherto getting Rs 9,500 per month will now get Rs 20,500 as an emolum...

"Jaiswal Has Run Ahead Of Gill": Ex-India Star's Massive T20 WC Verdict

Former India opener Aakash Chopra has suggested that Yashasvi Jaiswal is slightly ahead of Shubman Gill in the pecking order as captain Rohit Sharma's partner at the top in T20Is. Since making his debut last year, Jaiswal has been in stunning form in the shortest format of the game. Gill's form, on the other hand, has dipped since the ODI World Cup last year in India. With the T20 World Cup scheduled to be held later this year, Chopra feels Jaiswal will open the innings with Rohit during the tournament. "It's clear that Yashasvi Jaiswal has run ahead of Shubman Gill. Yashasvi is ahead in the two-horse race, Gill is lagging slightly behind. Gill was played in the first match, dropped in the second, and wasn't played in the third as well," Chopra said on his YouTube channel. Jaiswal helped India beat Afghanistan in the second T20I earlier this week, scoring a quickfire fifty. Considering his recent form across formats, Chopra emphasised that Jaiswal has ...

California Homeless People Found Living In Deep Caves Stocked With Drugs

Homeless people were found living in riverside caves. In a clear example of California's homelessness crisis, authorities found caves along the Tuolumne River where people had been living. These 20-foot-deep underground dwellings, reached by makeshift stairs, were filled with makeshift furniture and personal belongings, revealing the desperate measures some take for shelter. Located near Modesto, the caves were cleared over the weekend by police and volunteers from local homeless outreach organizations. Authorities expressed concern about safety risks from unstable structures and potential flooding from the nearby river. "This particular area has been plagued by vagrancy and illegal camps, which have raised concerns due to the fact that these camps were actually caves dug into the riverbanks," the Modesto Police Department said in a statement. "During the operation on Saturday, a total of 7,600 lbs of trash, as well as two truckloads and a trailer of garbage, w...

டெக் மந்த்ரா

Search This Blog