Wholesale inflation in India has remained negative for the sixth consecutive month, with prices falling 0.26% in September. This follows a five-month high of -0.52% in August. The decrease in inflation is primarily attributed to lower prices of chemical products, mineral oils, textiles, basic metals, and food products compared to the previous year.
India's wholesale prices continued to decline in September, defying economists' expectations for an increase, data published by the National Statistical Office showed on Monday.
India s wholesale inflation rate in August decelerated by 0.52%, after a decline in July, according to the Department for Promotion of Industry and Internal Trade. The rate had been negative in June, May, and April. Retail inflation in August decreased to 6.83% from July s 15-month high of 7.44%, mainly due to lower vegetable prices