India’s wholesale inflation quickens

NEW DELHI: India’s wholesale inflation accelerated to 11.39 percent year-on-year in September, government data showed on Wednesday, as oil and food prices increased at a faster pace.

The print was higher than the 9.92 percent rise a month ago and economists’ average projection of 10.18 percent in a Reuters poll.

Here are some details: - Wholesale food prices rose 8.66 percent year-on-year in September after rising 7.05 percent in August - Prices of manufactured products rose 9.76 percent year-on-year in September after an 8.37 percent year-on-year rise a month ago - Fuel and power prices increased 25.85 percent year-on-year in September, as against a rise of 22.93 percent a month ago - Petroleum and natural gas prices rose 57.32 percent year-on-year in September after a 34.41 percent rise in August.