The Wholesale Price Inflation (WPI) eased to 8.39 per cent in October, against 10.7 per cent in September, according to government data. The wholesale price-based inflation declined for the fifth consecutive month in October to 8.39 per cent for prices of food, fuel and manufactured items. In May, the WPI had climbed…
Wholesale price-based inflation spiked to a record high of 15.08 per cent in April on rising prices across segments from food to commodities. The WPI-based inflation was 14.55 per cent in March and 10.74 per cent in April last year. Wholesale inflation is tracked by the Wholesale Price Index (WPI). It measures…
India’s annual wholesale price index-based inflation accelerated to a record high of 14.23 per cent in November due to a sharp increase in manufacturing costs and food prices. The sharp rise in WPI inflation could become a major reason for concern as it could ultimately lead to a sharp rise in retail prices of goods…