Wholesale inflation eases to 3-month low of 2.04% in July
Wholesale price index inflation stood at 3.36% in June and 2.74% in May.
Wholesale price index inflation stood at 3.36% in June and 2.74% in May.
The positive rate of inflation in May 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum and natural gas, mineral oils and other manufacturing.
The country’s wholesale price index in March stood at 151.8. The wholesale price index stood at 151.2 for February and January.
Inflation rate based on the WPI Food Index dropped from 5.39% in December 2023 to 3.79% in January 2024.
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.
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.
Wholesale price inflation declined from a peak of 15.88% in May 2022 to 4.95% in December 2022.