India’s wholesale inflation in positive zone after 8 months
The wholesale inflation in food index increases to 4.69% in November 2023 from 1.07% in October 2023
The wholesale inflation in food index increases to 4.69% in November 2023 from 1.07% in October 2023
Wholesale inflation in the fuel and power basket rose from -6.03% in August to -3.35% in September.
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.
Wholesale price inflation declined from a peak of 15.88% in May 2022 to 4.95% in December 2022.
Wholesale inflation fell for the fifth straight month in October.
The decline in WPI inflation in September was aided by a sharp drop in prices of food items and manufactured products.
Wholesale inflation remains in the double digits for the 17th month in a row since April 2021.
Inflation for manufactured products, which constitutes 64.23% to the WPI basket, soared to 9.84% year-on-year in February compared with 9.42% in January.
Highest increase in wholesale inflation since May; core inflation at an all-time high of 11.9% in October.