Wholesale inflation at (-) 0.52 pc in Oct; in negative territory for 7th month
PTI, Nov 14, 2023, 2:13 PM IST
The wholesale price index-based inflation remained in the negative territory for the seventh straight month in October at (-) 0.52 per cent, on easing prices of food items.
The WPI-based inflation rate has been in the negative zone since April and was at (-) 0.26 per cent in September, 2023.
In October last year, WPI was at 8.67 per cent.
Inflation in food articles eased to 2.53 per cent in October. It was 3.35 per cent in the previous month.
”The negative rate of inflation in October, 2023, is primarily due to fall in prices of chemicals and chemical products, electricity, textiles, basic metals, food products, paper and paper products, etc. as compared to the corresponding month of previous year,” the commerce and industry ministry said on Tuesday.
The fuel and power basket inflation was at (-) 2.47 per cent in October, against (-) 3.35 per cent in September.
In manufactured products, the inflation rate was at (-) 1.13 per cent, as against (-) 1.34 per cent in September.
The annual retail or consumer price inflation for October hit a 5-month low of 4.87 per cent, data released on Monday showed.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points
Baku climate talks: The ‘X’ factor that could determine future of Global South
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
Gautam Adani charged in US with USD 250 mn bribery, fraud
India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra
MUST WATCH
Latest Additions
K’taka Health Minister calls for collaborative efforts to combat Antimicrobial Resistance
Public Alert: Cyber fraudsters impersonating traffic police to demand fines
Court acquits MLA Bachchu Kadu in 2011 Mantralaya clerk slapping case
Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points
UP: 25 people booked for attacking civic officials for encroachment removal
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.