The reason of the surge in the wholesale inflation in the country in December is due to an increase in manufacturing inflation, according to a report by ICICI Bank.
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.36 per cent (provisional) for the month of October, 2024 (over October 2023).
The detailed index numbers and inflation rates for 'All Commodities' and the major components of WPI for the last three months show that the WPI for all commodities (weight 100 per cent) increased from 152.9 in April (1.19 per cent inflation) to 153.3 in May (2.61 per cent inflation) and
Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May.
Wholesale inflation in India, based on the Wholesale Price Index, came in at 2.61 per cent in May versus 1.26 reported in April, official data from the commerce ministry showed on Friday.
"Well, PM Modi has given a huge gift to the people of the country in the form of the wholesome inflation rate which is 13-month high," AAP Punjab said in a post on 'X'.
India's wholesale inflation rose to a 13-month high of 1.26 per cent in April 2024 (-0.8 per cent in April 2023) from 0.5 per cent in March 2024, led by fuel, food and core items, official data from the commerce ministry showed on Tuesday
Wholesale inflation in India, based on the Wholesale Price Index, came in at 1.26 per cent in April versus 0.53 reported in March, official data from commerce ministry showed on Tuesday.
The annual rate of inflation based on all India Wholesale Price Index (WPI) numbers is 0.53 per cent (Provisional) for March 2024 (over March 2023), showed official data on Monday.
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the fourth month after remaining in the negative zone for the seventh straight month until October.