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
Fuel and power, non-food manufacturing, crude petroleum and natural gas sub-groups pull down headline WPI print by 70 bps against July 2024
The surge is driven by increased costs of food items, food products manufacturing, crude petroleum, natural gas, mineral oils, and other manufacturing sectors
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 month-on-month change in the WPI index for February 2024 was 0.07% compared to January 2024.
WPI inflation surges for 2nd month straight on increase in food articles, machinery & equipment, computers, electronics & optical products prices
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.