WPI inflation for September soars to 1.84% amid surging food prices
The month over month change in WPI index for September 2024 stood at 0.06% as compared to August 2024.
The month over month change in WPI index for September 2024 stood at 0.06% as compared to August 2024.
The softening of wholesale price index (WPI) inflation in August on the back of decline in prices of food articles, especially vegetables and milk is encouraging
The wholesale price index (WPI)-based inflation in August cooled to a four-month low of 1.31 per cent.
The inflation in food prices stood at 3.45% during the month, compared to 10.87% in June.
The Wholesale Price Index (WPI) is expected to be in the region of 2-3 per cent over the next two quarters and average at around 3 per cent for FY25, top economists at two credit rating agencies said as the Commerce and Industry Ministry announced the WPI for April 2024 was 1.26 per cent.
The annual rate of inflation based on the all India Wholesale Price Index (WPI) number has risen marginally to 0.53 per cent for March 2024, the government said on Monday.
The annual rate of inflation based on the all India Wholesale Price Index (WPI) for December rose to 0.73 per cent, a nine-month high, according to government data on Monday.
The month-over-month change in WPI index for the month of November, 2023 stood at 0.53 per cent as compared to October, 2023.
The WPI inflation has remained in the deflationary zone for the sixth month in a row in September, the data revealed.
India's wholesale inflation declined further during the month of August to 12.41 per cent from 13.93 per cent the previous month but continues to remain in double digits, official data released on Wednesday showed.
