The persistence of high inflation in the face of the significant growth slowdown points to serious supply bottlenecks and sticky inflationary expectations. Increases in the administered price of fuel (mid-September: diesel and LPG) as a part of a reduction of subsidies also contributed to the increase in inflation. Persistent non-food manufactured products inflation, despite the growth slowdown, has emerged as a major concern. Depreciation of the rupee raised the price of imported products.