According to data provided by the commerce ministry on Thursday, increases in the cost of essential foods and an unfavorable base caused India’s wholesale pricing index (WPI)–based inflation to reach a four-month high of 2.36% in October. WPI inflation in September 2023 was 1.84%, whereas in October 2023 it was (-)0.26%. October saw the biggest…
According to preliminary statistics provided by the Ministry of Commerce & Industry on Monday, India’s wholesale price index (WPI)- based inflation for September increased to 1.84 percent on an annual basis from a four-month low of 1.31 percent in August. WPI inflation increased to 3.36 percent in June and 2.04 percent in July. In September…
The provisional data released by the Ministry of Commerce & Industry on Wednesday showed that the increase in prices of food articles, food product manufacturing, mineral oils, crude petroleum & natural gas, other manufacturing, etc. was the main cause of India’s wholesale price index (WPI)-based inflation for July, which eased to 2.04% on an annual…
The Ministry of Commerce & Industry announced provisional data indicating that the annual rate of India’s wholesale pricing index (WPI)-based inflation increased to 1.26 percent in April from 0.53 percent in March. A 13-month high was reached by the WPI in April, surpassing the Reuters forecast of 1% WPI inflation as predicted. According to the…
Based on statistics given by the Ministry of Commerce & Industry, India’s inflation for the month of September 2023 was (-)0.26% (Provisional) for the wholesale pricing index (WPI). In August 2022, the WPI inflation rate was (-)0.52%, while in September 2022, it was 10.55 percent. Since April, the WPI-based inflation rate has been negative for…
According to an announcement from the Ministry of Commerce and Industry, the wholesale price-based inflation rate was (-)1.36% in July 2023 compared to (-)4.12% in June 2023. The costs of mineral oils, basic metals, chemicals, and chemical products, textiles, and food items have all decreased since July 2023, according to the report. For the fourth…
Shaktikanta Das, governor of the Reserve Bank of India, announced on Thursday that following three days of discussion, the Monetary Policy Committee has opted to hold the key policy repo rate at 6.5 percent, maintaining the status quo for a third straight time. According to Shaktikanta Das, the MPC decided by a margin of 5:1…
Due to falling costs for food, gasoline, and manufactured goods, the wholesale price-based inflation rate in May decreased by (-) 3.48 percent, reaching a three-year low. The inflation rate based on the wholesale pricing index (WPI) has been negative for two months in a row. The value for April was (-) 0.92 percent. The WPI…
On the back of declining prices for manufactured goods and fuel, wholesale price-based inflation inched down to a 29-month low of 1.34 percent in March, despite rising food costs. The wholesale pricing index (WPI)-based measure of inflation has decreased for ten consecutive months, starting in March. From 3.85% in February to 14.63% in March 2022,…
According to data provided by the Commerce Ministry on Tuesday, India’s wholesale inflation, which is based on the all-India Wholesale Price Index (WPI), decreased to 3.85 % in February from 4.73 % in January. This is less than the 4% prediction made by Reuters. The data made public indicate that the decrease in the rate…
