Wholesale inflation at (-) 0.52 pc in Oct; in negative territory for 7th month

| | New Delhi
  • 0

Wholesale inflation at (-) 0.52 pc in Oct; in negative territory for 7th month

Tuesday, 14 November 2023 | PTI | New Delhi

Wholesale inflation at (-) 0.52 pc in Oct; in negative territory for 7th month

The wholesale price index-based inflation remained in the negative territory for the seventh straight month in October at (-) 0.52 per cent, on easing prices of food items.

The WPI-based inflation rate has been in the negative zone since April and was at (-) 0.26 per cent in September, 2023.

In October last year, WPI was at 8.67 per cent.

Inflation in food articles eased to 2.53 per cent in October. It was 3.35 per cent in the previous month.

"The negative rate of inflation in October, 2023, is primarily due to fall in prices of chemicals and chemical products, electricity, textiles, basic metals, food products, paper and paper products, etc. As compared to the corresponding month of previous year," the commerce and industry ministry said on Tuesday.

The fuel and power basket inflation was at (-) 2.47 per cent in October, against (-) 3.35 per cent in September.

In manufactured products, the inflation rate was at (-) 1.13 per cent, as against (-) 1.34 per cent in September.

The annual retail or consumer price inflation for October hit a 5-month low of 4.87 per cent, data released on Monday showed.

State Editions

SC uphold land acquisition for Yamuna Expressway

27 November 2024 | Staff Reporter | Delhi

Delhi air quality swings between severe to poor

27 November 2024 | Staff Reporter | Delhi

Center manipulating electoral rolls in Delhi fearing BJP defeat

27 November 2024 | Staff Reporter | Delhi

LG announces month-long anti-drug campaign in Capital

27 November 2024 | Staff Reporter | Delhi

BJP to target AAP in Assembly on corruption, pollution

27 November 2024 | Staff Reporter | Delhi

BJP woos slum dwellers with night stays

27 November 2024 | Staff Reporter | Delhi

Sunday Edition

Food Freak | Lobsters Take Centre Stage at Grappa Pop-Up

24 November 2024 | Pawan Soni | Agenda

A Cozy Escape

24 November 2024 | Abhi Singhal | Agenda

Reviving Telangana’s Culinary Heritage

24 November 2024 | Sharmila Chand | Agenda

The art and spirit of cake mixing

24 November 2024 | Team Viva | Agenda

LUXURY CONVERGE AT HONG KONG

24 November 2024 | AKANKSHA DEAN | Agenda

Discovering the World’s True Essence

24 November 2024 | RUPALI DEAN | Agenda