India’s wholesale inflation rises in Oct. ’24

India’s Wholesale Price Index (WPI) inflation rate rose to 2.36 per cent in October 2024, compared to October 2023, driven primarily by higher prices in food articles, manufactured food products, and machinery and equipment.

The month-over-month WPI increase from September to October 2024 was 0.97 per cent, reflecting inflationary pressures across sectors including motor vehicles and other manufacturing.

The latest figures indicate rising wholesale costs that could impact consumer prices in the coming months.

Attribution: India’s Ministry of Commerce & Industry

Subediting: M. S. Salama