Inflation has dropped down to a five-year low of 2.38 per cent in September. The Wholesale Price Index based inflation was at 3.74 per cent in August. It was 7.05 per cent in September last year.According to the data released by Commerce and Industry Ministry, it has been possible following decline in food prices, including vegetables. The data said, the food inflation fell to a nearly two-and-half year low of 3.52 percent.Food inflation is on the decline since May. The sharp drop in WPI inflation comes just at the back of retail inflation declining to a record low of 6.46 per cent in September. The data revealed that inflation in onion, potato, milk, eggs, meat and fish continued to decline in September as well. However, there was slight increase in the prices of fruits during the period. BJP has attributed the decrease in inflation to good polices adopted by the NDA Government at the Centre. Talking to AIR, party leader Shrikant Sharma said that the prices of essential commodities have stabilized after Narendra Modi government came to power.
News On AIR | October 14, 2014 8:40 PM
WPI based inflation comes down to 5-year low of 2.38 % in Sept