Key Points
Indias wholesale price index (WPI)-based inflation rose to a four-month high of 2.36 per cent in October due to rising food prices, as per the Ministry of Commerce and Industrys provisional data released on Thursday..
Indias economic growth remains resilient, inflation is expected to moderate despite periodic humps; the external sector is robust... our endeavour has been to seize every opportunity to further strengthen our fundamentals through prudent policy approach..
Elevated food prices have also pushed Indias retail inflation, based on the consumer price index (CPI), for the month, to a 14-month high of 6.21 per cent...
On the other hand, prices of non-food articles declined 1.71 per cent annually, in the month, compared to a 1.64 per cent decline in September..
Also crude petroleum and natural gas prices fell by 12.16 per cent annually in October, against the 13.04 per cent annual contraction reported the previous month..
You might be interested in
Wholesale inflation stays in negative for 4th month at (-)1.36% in July on easing prices of fuel
14, Aug, 23Fuel and power basket inflation eased to (-)12.79% in July from (-)12.63% in June. In July last year it was 14.07%.
Pakistan's inflation hurting people—power to housing, storm of 'price rise' is everywhere
03, Jan, 24State Bank of Pakistan's decision to keep the interest rate unchanged to meet IMF bailout conditions has placed additional burden on the consumers.
Food inflation worries persist in wholesale inflation data for September
16, Oct, 23Manufactured products, fuel and power also see sequential pick up
Govt may introduce 'Bharat Rice' at discounted rate of Rs 25/kg ahead of 2024 Lok Sabha elections: Report
27, Dec, 23The government is considering introducing 'Bharat rice' at a discounted rate of Rs 25 per kilogram to tackle escalating food prices ahead of the general elections.
Experts see WPI inflation rising in second half this fiscal
16, Oct, 23Experts predict that the Wholesale Price Index (WPI) in India will rise in the second half of the fiscal year, and a prolonged deflationary trend could negatively impact growth. Wholesale inflation has remained in the negative territory for the sixth consecutive month in September, primarily due to falling prices of food items. The contraction in WPI is attributed to decelerating food prices and declining fuel and manufactured product prices. While a slight increase in WPI is expected, overall WPI inflation is anticipated to remain low.
CPI inflation is likely to breach 6% in October: UBI report
10, Nov, 24The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures. According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index is seen jumping to 6.15 per cent, breaching RBI's 6 per cent tolerance band.
India’s WPI inflation eases to 3.85 per cent in February
14, Mar, 23The WPI is one of the two indices that measure inflation in India. The other is Consumer Price Inflation (CPI). The WPI captures prices at the level of production or manufacturing, taking into account goods traded between companies, as against the CPI that measures prices at the retail consumer level. Food items, which constitute a major part of the CPI, drive retail inflation, while for the WPI, it's manufactured goods.
US inflation up, keeps Federal Reserve on track for interest rate hike
14, Mar, 23Food prices rose 04 per cent with the cost of food consumed at home gaining 03 per cent
Explained: Why your monthly grocery expenses are going up again
18, Feb, 23Household grocery expenses have gone up significantly since last month due to the rising prices of several essential commodities. Read to know which essential food items are responsible for increasing your grocery bills.
CEA Nageswaran: 'We’re comfortable with 6.5% GDP growth and we don’t see downside risks arising'
01, Sep, 23Says spike in food prices is a temporary issue and government and RBI are intervening when necessary