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
Positive rate of inflation in September 2024 is primarily due to increase in prices of food articles, food products, other manufacturing, manufacture of motor vehicles, trailers & semi-trailers etc.
Fuel and power, non-food manufacturing, crude petroleum and natural gas sub-groups pull down headline WPI print by 70 bps against July 2024
Wholesale price index inflation stood at 3.36% in June and 2.74% in May.
Surge in WPI inflation attributed to increase in prices of food articles, electricity, crude petroleum & natural gas and manufacturing products
The country’s wholesale price index in March stood at 151.8. The wholesale price index stood at 151.2 for February and January.
The month-on-month change in the WPI index for February 2024 was 0.07% compared to January 2024.
Inflation rate based on the WPI Food Index dropped from 5.39% in December 2023 to 3.79% in January 2024.
WPI inflation surges for 2nd month straight on increase in food articles, machinery & equipment, computers, electronics & optical products prices
The wholesale inflation in food index increases to 4.69% in November 2023 from 1.07% in October 2023