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WPI Inflation in November 2023 Accelerates To 0.26%; Fastest In 8 Months

1Jan

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WPI Inflation in November 2023 Accelerates To 0.26%; Fastest In 8 Months

Wholesale Price Index for November 2023. (File Photo)India's wholesale inflation, based on the Wholesale Price Index, rises to 0.26 per cent in November 2023India’s wholesale inflation, based on the Wholesale Price Index (WPI), rose at the fastest rate in eight months to 0.26 per cent in November 2023 mainly due to rising food prices, according to the latest official data. The WPI inflation in October 2023 had stood at (minus) 0.52 per cent.The WPI inflation was in the negative zone for the past seven months and was at (-) 0.52 per cent in October.“Positive rate of inflation in November, 2023 is primarily due to increase in prices of food articles, minerals, machinery & equipment, computer, electronics & optical products, motor vehicles, other transport equipment and other manufac...

Retail inflation in July jumps to 15-month high of 7.44%

NEW DELHI: India's retail inflation in July jumped to 7.44 per cent from 4.87 per cent in June, government data showed on Monday.The inflation, based on Consumer Price Index (CPI), is now once again above the RBI's comfort band of 2-6%.The figures had stayed within the RBI's comfort zone for four straight months, dipping to an over two-year low of 4.25% in May 2023. However, in July, the spike in retail inflation came amid a surge in prices of tomatoes and other vegetables due to shortfall during the monsoon season.Previously, high inflation was recorded at 7.79 per cent in April 2022.The inflation in the food basket was 11.51 per cent in July compared to 4.55 per cent in June and 6.69 per cent in July 2022, as per the data.The retail inflation in vegetables year-on-year was 37.43 per cen...

WPI inflation declines to (-) 4.12% in June on easing food prices

The wholesale price-based inflation rate declined to (-) 4.12 per cent in June on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation in May was (-) 3.48 per cent. In June last year, it was 16.23 per cent. Inflation in food articles declined to (-) 1.24 per cent in June against (-) 1.59 per cent in May, the Commerce and Industry Ministry said in a release on Friday. Fuel and power basket inflation eased to (-) 12.63 per cent in June from (-) 9.17 per cent in May. In manufactured products, the inflation rate was (-) 2.71 per cent in the month under review against (-) 2.97 per cent in May. The decline in the rate of inflation in June 2023 is primarily due to a fall in prices of mineral oils, food produ...