Wholesale inflation in India based on the Wholesale Price Index turned negative in April at (-) 0.92 per cent, official data released by the Ministry of Commerce and Industry showed.
According to the statement released on April 17, the fall in prices of basic metals, food products, textiles, non-food articles, minerals, rubber and plastic products, crude petroleum & natural gas and paper and paper products contributed to the decline in the rate of inflation in March.
Minister of Health and Family Welfare and Chemicals and Fertilizers Mansukh Mandaviya on Monday said that the prices of 651 essential medicines which were likely to increase by 12 per cent due to rising wholesale price index (WPI) will now witness a reduction in their retail prices by an ave
Notably, wholesale inflation in India based on the Wholesale Price Index continued to moderate and was at 3.85 per cent (provisional) in February 2023, against the previous month's 4.73 per cent. Overall wholesale inflation was at 8.39 in October and has been falling since then. Notably, the
Wholesale inflation in India based on the Wholesale Price Index continued to moderate and was at 3.85 per cent (provisional) in February 2023, against the previous month's 4.73 per cent, official data showed on Tuesday.
India's wholesale inflation based on the Wholesale Price Index for the month of November was at 5.85 per cent (provisional), against previous month's print of 8.39 per cen.
According to the statement from the ministry of commerce and industry, the decline in the rate of inflation in October is primarily contributed by fall in the price of mineral oils, basic metals, fabricated metal products, except machinery and equipment; textiles; other non-metallic mineral
The president of the industry body on Wednesday said calibrated efforts undertaken by the government and Reserve Bank of India (RBI) have significantly impacted the escalation in the wholesale prices.
New Delhi [India], October 14 (ANI): Experts say with retail inflation above the central bank's comfort zone, rate hikes would continue while wholesale price index (WPI) inflation is expected to ease to a single-digit number from October. The experts also said the drivers of inflation seem t
New Delhi [India], October 14 (ANI): Wholesale inflation in India softened substantially in September led by a broad-based moderation in prices -- for both food and non-food items, said Morgan Stanley.