The wholesale price-based inflation rose to a 9-month high of 1.55 per cent in November on costlier manufactured items, even as food prices cooled. The WPI inflation was 1.48 per cent in October 2020 and 0.58 per cent in November last year.
The WPI inflation was 1.32 per cent in September and zero per cent in October last year. This is the highest level of Wholesale price index-based (WPI) inflation since February when it was 2.26 per cent.
The Wholesale Price Index (WPI) inflation has risen to 1.32 per cent for September as compared to 0.16 per cent in August, data published by the government showed on Wednesday.
The wholesale price-based inflation rose 0.16 per cent in August as food items and manufactured products turned costlier. The Wholesale price index based (WPI) inflation was in the negative territory for four straight months -- April (-) 1.57 per cent, May (-) 3.37 per cent, June (-) 1.81 per cent and July (-) 0.58 per cent.
Prices in the wholesale market fell to a 4.5-year low level in May, recording a deflation of 3.21 per cent, due to sharp decline in fuel and power items even as food articles turned expensive.
Wholesale price-based inflation is the rate of increase in wholesale prices and is gauged by Wholesale Price Index (WPI).
The Reserve Bank, which mainly factors in retail inflation for monetary policy decision, had earlier this month cut interest rates by 0.25 per cent.
The Wholesale Price Index (WPI)-based inflation stood at 3.8 per cent in December, 2018, and 3.02 per cent in January 2018.
However, WPI inflation on manufacturing products increased from 4.26 per cent to 4.43 per cent.
The year-on-year inflation rate, based on monthly WPI, stood at 4.43 per cent (provisional) for May, 2018. This is a hike of almost double from the previous year's inflation rate which was 2.26 per cent during the corresponding month.
Wholesale price-indexed (WPI) inflation in India during April rose to four-month high at 3.18 per cent on increasing prices of petrol and diesel as well as fruits and vegetables.
On the basis of Wholesale Price Index (WPI), inflation was 2.48 per cent in February and 5.11 per cent in March last year.
The data shows a 34 percentage point increase as compared to 3.59% WPI inflation for October and 1.82% during the corresponding month of the previous year.
India's wholesale price inflation (WPI) came down to 2.6 per cent in September after touching a four-month high of 3.24 pc in August.
India's WPI inflation in August has risen to 3.24 per cent, nearly double that of July
Vegetable prices, which had witnessed a 21.16 per cent contraction in June, too shot up 21.95 per cent in July
Wholesale inflation fell to 0.90 per cent in June -- the lowest in at least eight months – as prices in food articles, including vegetables, declined
Annual rate of inflation based on wholesale prices decelerated in May to 2.17 per cent.
New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items.The Wholesale Price Index (WPI)
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