WPI inflation eases to 0.16% in October
Wholesale prices based inflation eased further to 0.16 percent in October, as against 0.33 percent 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 percent in October 2018.
The rate of price rise for food articles was at 9.80 percent during the month, while for non-food articles it stood at 2.35 percent, showed the data released by the Ministry of Commerce and Industry.
For manufactured products, the wholesale inflation was at (-)0.84 percent in October 2019.
However, the retail inflation for the month hit a 16-month high of 4.62 percent due to soaring prices of food articles, including fruits and vegetables.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.