Wpi Deflation News Today

Wholesale price inflation in India remained in negative territory for the seventh consecutive month in October. The wholesale price index (WPI) fell 0

Icra expects WPI inflation to remain below 3% for the remaining months of FY24 if commodity prices continue to remain at benign levels. "The deflationary trend in WPI could end in the coming months with the support of favourable base fading away gradually and expectation of subdued commodity prices amid global demand weakness," said Rajani Sinha, chief economist, CareEdge. "However, for the full year, we expect WPI inflation to average below 1%."