Wholesale Price Index (WPI) inflation stood at -0.26 p.c in September and eight.67 p.c in October 2022. (Representative picture)
At -0.52 p.c, the newest wholesale inflation print is under the consensus estimate, with economists anticipating it to return round -0.2 p.c.
India’s wholesale inflation remained within the deflationary zone for the seventh month in a row in October, coming in at -0.52 p.c, information launched by the commerce ministry on November 14 confirmed. Wholesale Price Index (WPI) inflation stood at -0.26 p.c in September and eight.67 p.c in October 2022.
At -0.52 p.c, the newest wholesale inflation print is under the consensus estimate, with economists anticipating it to return round -0.2 p.c.
The WPI information comes a day after the statistics ministry mentioned on November 13 that headline retail inflation fell to a 5-month low of 4.87 p.c in October, down 257 foundation factors from July’s 15-month excessive of seven.44 p.c. Over the identical interval, WPI inflation has risen by simply 71 foundation factors.
