September 2024 Wholesale Price Inflation (WPI) Surge in India
| Aspect | Details |
|---|---|
| Wholesale Price Index (WPI) | Increased to 1.84% in September 2024, up from 1.31% in August 2024. |
| Primary Driver | Sharp rise in food prices, particularly vegetables. |
| Food Price Inflation | Rose to 11.53% from 3.11% in August, marking a two-year high. |
| Vegetable Price Hike | Onion prices rose by 78.8%, potato by 78.1%, and tomato by 74.5%. |
| Other Food Categories | Fruits inflation eased to 12.2%, pulses remained elevated at 13%. |
| Fuel and Power Prices | Decreased by 4.05%, with petrol and diesel falling by 7.47% and 5.33%, respectively. |
| Manufactured Products | Inflation stood at 1%, accounting for 64.2% of the index. |
| Economic Context | Coincides with contraction in India's Index of Industrial Production (IIP). |
| Policy Rates | Reserve Bank of India (RBI) maintained its policy rates. |