Daijiworld Media Network - New Delhi
New Delhi, Oct 14: India witnessed a significant easing in both wholesale and consumer inflation in September, offering a welcome relief to households and policymakers alike. The Wholesale Price Index (WPI)-based inflation slipped to 0.13% in September, down from 0.52% in August, while Consumer Price Index (CPI)-based inflation hit an over eight-year low of 1.54%, according to official data released by the Ministry of Commerce and Industry and the Ministry of Statistics.
The steep drop in inflation is largely attributed to a broad-based decline in the prices of food items and fuels. WPI food inflation dropped by -1.38%, supported by higher agricultural yields and robust buffer stocks of essential grains like wheat and rice. Fuel inflation, too, remai