You are here: Home » News-CM » Economy » News
Business Standard

Wholesale Price Inflation Hits 8 Month High, Food Prices Moderate

Capital Market 

The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade released index numbers of wholesale price in India today. The rate of inflation, based on monthly WPI, stood at 1.48% (provisional) for the month of October, 2020 (over October, 2019), as compared to 0.00 % during the corresponding month of the previous year. With this rise, the WPI-based inflation rate gained for the third straight month to hit an eight-month high.

The index for Primary Articles group increased by 1.40% to 152.4 (provisional) in October, 2020 from 150.3 (provisional) for the month of September, 2020.

The index for Fuel And Power group increased by (0.11%) to 91.1 (provisional) in October, 2020 from 91.0 (provisional) for the month of September, 2020.

The index for Manufactured Products group increased by (0.42%) to 120.3 (provisional) in October, 2020 from 119.8 (provisional) for the month of September, 2020.

The WPI Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group have increased from 157.6 in September, 2020 to 159.3 in October, 2020. The rate of inflation based on WPI Food Index decreased from 6.92% in September, 2020 to 5.78% in October, 2020.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 16 2020. 14:01 IST