Wholesale inflation rises to nine-month-high at 0.73% in December
WPI measures the change in prices of goods sold and traded in bulk by wholesale businesses with other companies.
India’s annual rate of inflation based on wholesale prices increased to 5.13 per cent in September from a rise of 4.53 per cent in August, official data showed here on Monday.
Even, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry was higher than 3.14 per cent reported for the corresponding period of 2017.
“The annual rate of inflation, based on monthly WPI, stood at 5.13 per cent (provisional) for the month of September, 2018 (over September 2017)as compared to 4.53 per cent (provisional) for the previous month and 3.14 per cent during the corresponding month of the previous year,” the Ministry said in its September review of wholesale price in India.
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“Build up inflation rate in the financial year so far was 3.87 per cent compared to a build up rate of 1.50 per cent in the corresponding period of the previous year.”
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