Indian Inflation Speeds Up to 7-Month High in September


In September, India's headline inflation rate based on monthly WPI rose to 6.5 percent from 6.1 percent in August, hitting its highest level since February of 2013. The speed up is broadly due to higher prices for food.

The index for food prices rose by 18 percent due to higher prices of vegetables (soaring 89 percent), rice (19 percent) and fruits (14 percent).

Energy costs were up 10 percent due to higher prices of high speed diesel (20 percent), liquefied petroleum gas and oil (both up by 9 percent). Manufactured goods prices rose 2.0 percent.

The build up inflation rate in the financial year so far was 5.64 percent compared to a build up rate of 4.84 percent in the corresponding period of the previous year.

Indian Inflation Speeds Up to 7-Month High in September


Min. of Commerce and Industry | Nuno Fontes | nuno@tradingeconomics.com
10/14/2013 9:27:46 AM