Even, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry was higher than 3.14 per cent reported for the corresponding period of 2017.
"The annual rate of inflation, based on monthly WPI, stood at 5.13 per cent (provisional) for the month of September, 2018 (over September, 2017)as compared to 4.53 per cent (provisional) for the previous month and 3.14 per cent during the corresponding month of the previous year," the Ministry said in its September review of wholesale price in India.
"Build up inflation rate in the financial year so far was 3.87 per cent compared to a build up rate of 1.50 per cent in the corresponding period of the previous year."
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