India's wholesale prices decreased for the first time in nearly three years in April, largely led by a sharp slowdown in fuel and power prices, food prices, and a fall in costs for manufactured products, provisional data from the Ministry of Commerce and Industry revealed on Monday.
India's wholesale price inflation eased more-than-expected in March to the lowest level in nearly two-and-a-half years amid a continued slowdown in prices in a wide range of categories, especially in fuel and power, provisional data from the Ministry of Commerce and Industry revealed on Monday.
Decline in the rate of inflation in January 2023 is primarily contributed by mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, and food products: Commerce and Industry Ministry.
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