Wholesale inflation in single digit after 18 months, stood at 8.39 percent in October


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Whole sale Inflation in India: India’s wholesale price index based inflation eased in the month of October. It was 10 percent in the month of September and 13.83 percent in October 2021. Inflation as per the Wholesale Price Index has come down on an annual basis. It has been 8.39 percent in October. This is shown in the figures of the Ministry of Commerce. Wholesale inflation has come down to double digits after 18 months.

wholesale inflation in single digit after 18 months

There has been a decline in inflation

In a press release issued by the ministry, the decline in the rate of inflation in October, 2022 is mainly due to the decline in the price of petroleum products, base metals, wrought metal products, machinery and equipment, except textiles and other mineral products. Inflation in primary articles rose to 11.04 per cent from 7.38 per cent recorded in the same period a year ago. Inflation in food articles has increased from 0.06 percent to 8.33 percent in October 2021.

Wholesale inflation in single digit after 18 months

Prices of essential goods have increased

According to government data, inflation in vegetables has increased to 17.61 percent in October 2022. The inflation rate of vegetables was 17.45 per cent during the same period last year. Wholesale inflation in crude petroleum and natural gas to come down from 86.36 per cent in October 2021 to 43.57 per cent in October 2022.

wholesale inflation in single digit after 18 months

Inflation has come down after 18 months

Inflation in manufactured products stood at 4.42 per cent in October, compared to 12.87 per cent in October a year ago. Inflation on fuel and power has come down from 38.61 per cent to 23.17 per cent in October 2021. With this data for October, the WPI index has come down to the double digit figure after remaining in double digits for 18 consecutive months in India.
Annual base inflation has moderated as per the Whole Sell Price Index. It has been 8.39 percent in October. This is shown in the statistics of the Ministry of Commerce.

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english summary

After 18 months wholesale inflation in single digit 8 point 39 percent in October

Inflation in manufactured products stood at 4.42 per cent in October, compared to 12.87 per cent in October a year ago. Inflation on fuel and power has come down from 38.61 per cent to 23.17 per cent in October 2021.

Story first published: Monday, November 14, 2022, 15:15 [IST]





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