India's annual wholesale price inflation rate fell to 10.70 percent in September 2022 from 12.41 percent in the prior month. This was the lowest reading since September 2021, amid a slowdown in prices of manufactured products (6.34% vs 7.51 percent in August), mainly basic metals (6.53% vs 9.35%); and fuel and power (32.61% vs 33.67%). Also, prices of primary articles moderated further (11.73% vs 14.93%) with cost of food easing (11.03% vs 12.37%). On a monthly basis, wholesale prices dropped by 0.65 percent in September, after a revised 0.58 percent fall in August.
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