
Wholesale prices drop 0.26% in September
Wholesale inflation in the fuel and power basket rose from -6.03% in August to -3.35% in September.
Wholesale inflation in the fuel and power basket rose from -6.03% in August to -3.35% in September.
Negative rate of wholesale inflation primarily attributed to fall in prices of mineral oils, basic metals, chemical & chemical products, textiles, and food products
The wholesale price index (WPI) rose to -1.36% in July as against -4.12% in June owing to an increase in food prices, according to the ministry of commerce & industry
This is the 13th consecutive month when the wholesale price index (WPI) has declined.
The drop in the rate of inflation in April is primarily due to a fall in prices of basic metals, food, and manufactured products.
Decline in wholesale inflation rate was supported by ease in prices of basic metals, food products, textiles, non-food articles, crude petroleum & natural gas products
The rate of inflation based on WPI Food Index decreased from 2.95% in January to 2.76% in February.
Govt says the decline in wholesale inflation is contributed by mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, food products
Wholesale price inflation declined from a peak of 15.88% in May 2022 to 4.95% in December 2022.
WPI data comes two days after the country’s headline inflation was recorded at an 11-month low of 5.88% in November 2022.