New Delhi, Oct 14
India's annual rate of inflation based on the Wholesale Price Index (WPI) eased to 0.13 per cent in September from 0.52 per cent in August , according to figures released by the Ministry of Commerce and Industry on Tuesday.
The prices of food items declined by (-)1.38 per cent during the month due to higher crop yields and adequate buffer stocks of wheat and rice. The prices of fuels such as petrol, diesel and natural gas also continued to decline during September with fuel inflation staying in the negative zone at -2.58 per cent, the figures showed.
The month over month change in WPI for the month of September stood at (-) 0.19 per cent as compared to August.
However, the year-on-year inflation in September, compared to the same month of the previous year, stayed in the positive zone primarily due to increase in prices of manufactured goods, non-food articles, other transport equipment and textiles,” the official statement said.