News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 4 years ago
Home  » Business » WPI inflation eases to 0.16% in October

WPI inflation eases to 0.16% in October

Source: PTI
November 14, 2019 12:40 IST
Get Rediff News in your Inbox:

For manufactured products, the wholesale inflation was at (-)0.84 per cent in October 2019.

Wholesale prices based inflation eased further to 0.16 per cent in October, as against 0.33 per cent in September due to subdued prices of non-food articles and fall in prices of manufactured items, government data showed on Thursday.

 

The annual inflation, based on monthly wholesale price index (WPI), was at 5.54 per cent in October 2018.

The rate of price rise for food articles was at 9.80 per cent during the month, while for non-food articles it stood at 2.35 per cent, showed the data released by the Ministry of Commerce and Industry.

For manufactured products, the wholesale inflation was at (-)0.84 per cent in October 2019.

However, the retail inflation for the month hit a 16-month high of 4.62 per cent due to soaring prices of food articles, including fruits and vegetables.

Photograph: Reuters

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!