Wholesale inflation hits 4-month high at 2.36% in October
Food inflation drives surge as it has alone pushed the headline WPI print up by as much as 63 bps between September and October 2024
Food inflation drives surge as it has alone pushed the headline WPI print up by as much as 63 bps between September and October 2024
The food and beverages inflation surged to an eye-watering 9.7% in October 2024 from 8.4% in the previous month, amid an uptick in seven of the 12 food groups
MoSPI says the increase in inflation rate for September 2024 is due to high base effect and weather conditions
Driven by an increase in food inflation, the overall retail inflation in August rose in both rural and urban areas, though it’s the 'second lowest' in five years
The all-India CPI-IW for May 2024 rose by 0.5 points to 139.9 points, up from 139.4 points in April 2024.
This headline rate has remained below 5% for three consecutive months since March 2024.
The ministry said the prices of clothing, footwear, housing, household goods and services, health, education have come down in the last eleven months.
CPI inflation softens to a nine-month low.
High visibility of “structural demand and healthier corporate and bank balance sheets” will be galvanising forces for growth going forward, says the central bank
Food price inflation, however, continued its upward trajectory, rising to 8.66% in February, from 8.3% in January.