The retail inflation rate in the country, driven by a spike in food prices and a fading base effect, climbed to a nine-month high in September. At the same time, the wholesale inflation rate, which reflects factory gate prices, also picked up pace.
The National Statistical Office (NSO) reported Monday that the consumer price index (CPI) rose to 5.49 per cent in September from 3.65 per cent in August. In December 2023, it was 5.69 per cent.
Meanwhile, wholesale price index (WPI)-based inflation, reported by the Ministry of Commerce and Industry, increased to 1.84 per cent in September from 1.31 per cent in August, fuelled by food price inflation jumping to 11.53 per cent from 3.11 per cent the preceding month.
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