Inflation dropped by 0.42 per cent to 7.38 per cent, for the second week in succession, in the week ended September 25, mainly due to fall in prices of vegetables and essential commodities.
The point-to-point Wholesale Price Index inflation rate fell from the previous week's level of 7.80 per cent even as manufactured items and fuel prices stood firm.
The inflation rate in the year-ago period was 5.39 per cent.
The WPI also declined by 0.1 per cent to 189.1 points. It was 176.1 points in the previous year period.
Inflation will come down in October after the full effect of the CRR hike is felt, market analysts had told PTI.
The Reserve Bank had hiked the CRR in two tranches of 0.25 per cent each on Net Demand and Time Liabilities of banks with effect from September 18 and October two.
Government revised upwards inflation to 8.02 per cent for the week ended July 31 as compared to the provisional level of 7.61 per cent.
The WPI stood corrected at 187.3 points during the last week of July as against provisional level of 186.6 points.
© 2026