The annual rate of inflation based on all India Wholesale Price Index (WPI) number is -0.52 percent (Provisional) for the month of October 2023 (over October 2022) against -0.26 percent recorded in September 2023. The negative rate of inflation in October 2023 is primarily due to fall in prices of chemicals and chemical products, electricity, textiles, basic metals, food products, paper and paper products, etc. as compared to the corresponding month of previous year.
The index numbers and inflation rate for the last three months of all commodities and WPI components are given below:
The month-over-month change in WPI index for the month of October 2023 stood at 0.40 percent as compared to September 2023. The monthly change in WPI index for last six-month is summarized below:
