Wholesale inflation, which reflects prices at producers’ end, remains below retail inflation. The latest retail inflation data for October showed Consumer Price Index-based inflation eased to a four-month low of 4.87 per cent in October.
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.
Deflation in September is primarily due to a fall in prices of chemical and chemical products, mineral oils, textiles, basic metals and food products as compared to the corresponding month of the previous year, , india, wholesale inflation