Economy

WPI inflation eases to 0.16 pc in Oct

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Wholesale prices based inflation eased further to 0.16% in October, as against 0.33% in September due to subdued prices of non-food articles and fall in prices of manufactured items, government data showed on Thursday.

The annual inflation, based on monthly wholesale price index (WPI), was at 5.54% in October 2018.

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%, showed the data released by the Ministry of Commerce and Industry.

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% due to soaring prices of food articles, including fruits and vegetables.

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Printable version | Dec 13, 2019 8:49:24 AM | https://www.thehindu.com/business/Economy/wpi-inflation-eases-to-016-pc-in-oct/article29971581.ece

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