Wholesale price inflation eased to 8.39 percent in October from 10.7 percent in September. This has been revealed in the figures released by the government. Wholesale inflation in the country has come down to a double-digit mark for the first time since March 2021. At that time the wholesale inflation rate was 7.89 percent. In such a situation, after 19 months, the figure for wholesale inflation has come to single digits.
Wholesale inflation remained in double digits for 18 consecutive months from April 2021
The Wholesale Price Index (WPI) print remained above the double-digit mark for 18 consecutive months from April 2021 to September 2022. According to the data, the WPI for August was revised to 12.48 percent from 12.41 percent. The wholesale inflation rate in October 2021 was 13.83 percent.
RBI governor had predicted relief in the inflation rate
Let us tell you that Reserve Bank of India Governor Shaktikanta Das recently predicted that the inflation rate may come down in October. The governor of the central bank, while predicting a decrease in the rate of inflation for October, also said that the reason for this is the steps taken by the government and the RBI in the last six-seven months.
Two percent drop in the inflation rate compared to September
In comparison to September, there has been a decline of about two percent in the wholesale inflation rate in October. According to the data released by the Ministry of Commerce and Industry, the decline in inflation in October was due to softening of prices of mineral oil, basic metals, fabricated metal products (except machinery and equipment), textiles, other non-metallic products, and minerals. I have come.
Food-based inflation stood at 6.48%
Food-based inflation stood at 6.48 percent in October as against 8.08 percent in September. In this, the inflation rate of cereals (12.03 percent), paddy (6.63 percent), wheat (16.25 percent), pulses (0.45 percent), vegetables (17.61 percent), potato (44.97 percent), onion (-30.02 percent), fruits (0.23 percent) percent), milk (5.53 percent) and eggs, meat and fish (3.97 percent), etc.
Price Hike: Karnataka Deputy CM taunts BJP over rising gas prices, CM says Jan Akrosh Yatra is a 'tamasha'
Karnataka Deputy CM DK Shivakumar has taken a dig at the BJP over the central government's decision to increase the prices of LPG cylinders and excise duty on petrol and diesel and advised BJP leaders
Covid-19: Omicron's 'XBB' variant most active in India, INSACOG released a bulletin on Covid
The Indian SARS-CoV-2 Genomics Consortium (INSACOG) released a bulletin on Monday amid fears of a new wave of the coronavirus pandemic, stating that the Omicron variant of COVID-19 in India and its
Covid 19 In India: More than one thousand new cases came in the country for the third consecutive day, and 7927 active cases reached
Corona is once again wreaking havoc in the country. For the past several days, the cases of corona are continuously increasing.
Nayanthara: After accusing Dhanush, Nayanthara expressed gratitude to these stars, Shahrukh-Chiranjeevi's names were included in the list
Nayanthara recently accused Dhanush of refusing to permit to use of scenes from the film 'Naanum Rowdy Dhaan' in her documentary 'Nayanthara: Beyond the Fairy Tale'. She claimed that his legal team
Turkey Boycott: India attacked with 'trade and travel', how much loss will Turkey suffer? Read the details here
A situation of war had arisen between India and Pakistan in the past few days. Both countries were attacking each other with drones. Meanwhile, news comes that drones have been sent by Turkey to
The world's population will reach 8 billion next week, how are the alarm bells going to ring for India?
There is going to be a big change in the world population next week. According to the United Nations, the world population is going to reach eight billion next week. The United Nations Department of
Atiq Ashraf: Atiq's connection with ISI! Mafia repeatedly took the name of Guddu Muslim, Ashraf also wanted to say something
After the murder of mafia Atiq Ahmed and Ashraf, new revelations are happening. Another new sensational revelation has come to light. Atiq Ahmed's special shooter and secret agent Guddu Muslim handles
After Srilanka-Pakistan, why has the economy of Bangladesh become crispy now?
Tens of thousands of people are taking to the streets in Dhaka to protest against the Bangladeshi government and to demand the resignation of Prime Minister Sheikh Hasina. The protesters have demanded
'India has put the vision of 'One Earth, One Health' in front of the world, PM Modi said in the webinar
PM Modi post-budget webinar: Prime Minister Narendra Modi is addressing a post-budget (post-budget) webinar focused on health and medical research through video conference today.
One country one election: JPC Chairman PP Chaudhary said- States will be visited from May 17, and suggestions will be sought directly from the public
After the Waqf law, the Joint Parliamentary Committee (JPC) formed for 'One Country, One Election' is going to start touring states across the country from May 17. The committee will first visit
