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Wholesale prices based inflation eased further to 0.16 per cent in October, as against 0.33 per cent in September due to subdued prices of non-food articles and fall in prices of manufactured items, government data showed on Thursday.
New Delhi: Wholesale prices based inflation eased further to 0.16 per cent in October, as against 0.33 per cent in September due to subdued prices of non-food articles and fall in prices of manufactured items, government data showed on Thursday.
Also Read: WPI inflation eases to 0.33 pc in September
The annual inflation, based on monthly wholesale price index (WPI), was at 5.54 per cent in October 2018.
Govt of India: The official Wholesale Price Index for 'All Commodities' (Base : 2011-12=100) for the month of October, 2019 rose by 0.7% to 122.2 (provisional) from 121.3 (provisional) for the previous month. pic.twitter.com/7EeT8GUts6
— ANI (@ANI) November 14, 2019
The rate of price rise for food articles was at 9.80 per cent during the month, while for non-food articles it stood at 2.35 per cent, showed the data released by the Ministry of Commerce and Industry.
Also Read: RBI cuts repo rate by 25 basis points to 5.15 pc to revive growth
For manufactured products, the wholesale inflation was at (-)0.84 per cent in October 2019.
However, the retail inflation for the month hit a 16-month high of 4.62 per cent due to soaring prices of food articles, including fruits and vegetables. (PTI)
