According to the statement from the ministry of commerce and industry, the decline in the rate of inflation in October is primarily contributed by fall in the price of mineral oils, basic metals, fabricated metal products, except machinery and equipment; textiles; other non-metallic mineral products; minerals, etc.
The president of the industry body on Wednesday said calibrated efforts undertaken by the government and Reserve Bank of India (RBI) have significantly impacted the escalation in the wholesale prices.
New Delhi [India], October 14 (ANI): Experts say with retail inflation above the central bank's comfort zone, rate hikes would continue while wholesale price index (WPI) inflation is expected to ease to a single-digit number from October. The experts also said the drivers of inflation seem to be shifting from global to domestic factors.
New Delhi [India], October 14 (ANI): Wholesale inflation in India softened substantially in September led by a broad-based moderation in prices -- for both food and non-food items, said Morgan Stanley.
New Delhi [India], October 14 (ANI): India's wholesale price index-based inflation eased to 10.7 per cent in September as against 12.41 per cent recorded in the previous month, as per the government data released on Friday.
In August India’s Wholesale Inflation declined to12.41 per cent from 13.93 per cent New Delhi: India’s wholesale inflation declined further during the month of August to 12.41 per cent from 13.93 per cent the previous month, but continues to remain in double digits, official data released on Wednesday showed. “Inflation...
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In August India’s Wholesale Inflation declined to12.41 per cent from 13.93 per cent New Delhi: India’s wholesale inflation declined further during the month of August to 12.41 per cent from 13.93 per cent the previous month, but continues to remain in double digits, official data released on Wednesday showed. “Inflation...
The post appeared first on .
New Delhi [India], September 14 (ANI): India's wholesale inflation declined further during the month of August to 12.41 per cent from 13.93 per cent the previous month, but continues to remain in double digits, official data released on Wednesday showed.
New Delhi [India], August 17 (ANI): The recent decline of global commodity prices, easing of some of the global supply-chain problems and absence of demand-side pressures seem to indicate retail inflation is past the peak, financial advisory firm Anand Rathi said in a report.
New Delhi [India], August 16 (ANI): India's wholesale inflation declined substantially during the month of July to 13.93 per cent, but continues to remain in double digits, official data released on Tuesday showed.