{"id":4043,"date":"2023-10-16T07:40:03","date_gmt":"2023-10-16T07:40:03","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=4043"},"modified":"2023-10-16T07:40:03","modified_gmt":"2023-10-16T07:40:03","slug":"wholesale-inflation-remains-in-negative-for-6th-month-at-0-26-in-sep","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/wholesale-inflation-remains-in-negative-for-6th-month-at-0-26-in-sep\/","title":{"rendered":"Wholesale Inflation Remains In Negative For 6th Month At -0.26% In Sep"},"content":{"rendered":"

NEW DELHI, Oct 16: According\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>Wholesale\u00a0<\/span><\/span>Price\u00a0<\/span><\/span>Index,\u00a0<\/span><\/span>wholesale\u00a0<\/span>inflation\u00a0<\/span><\/span>in\u00a0<\/span>India\u00a0<\/span><\/span>remained\u00a0<\/span><\/span>zero\u00a0<\/span><\/span>through\u00a0<\/span><\/span>September\u00a0<\/span><\/span>for\u00a0<\/span>the\u00a0<\/span><\/span>sixth\u00a0<\/span><\/span>consecutive\u00a0<\/span><\/span>month,\u00a0<\/span><\/span>according\u00a0<\/span>to\u00a0<\/span><\/span>official\u00a0<\/span>statistics\u00a0<\/span><\/span>released\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Monday.<\/span><\/span><\/span> <\/span><\/span><\/span>It\u00a0<\/span><\/span>entered\u00a0<\/span><\/span>the\u00a0<\/span>negative\u00a0<\/span><\/span>range\u00a0<\/span><\/span>in\u00a0<\/span>April\u00a0<\/span><\/span>of\u00a0<\/span><\/span>this\u00a0<\/span>year.<\/span><\/span><\/span> <\/span><\/span><\/span>Similar\u00a0<\/span><\/span>to\u00a0<\/span><\/span>this,\u00a0<\/span><\/span>the\u00a0<\/span>WPI\u00a0<\/span><\/span>was\u00a0<\/span>reported\u00a0<\/span><\/span>to\u00a0<\/span>be\u00a0<\/span><\/span>negative\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>early\u00a0<\/span>stages\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Covid\u00a0<\/span><\/span>in\u00a0<\/span><\/span>July\u00a0<\/span>2020.<\/span><\/span><\/span> <\/span><\/span><\/span>According\u00a0<\/span>to\u00a0<\/span><\/span>official\u00a0<\/span>figures\u00a0<\/span><\/span>issued\u00a0<\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>Ministry\u00a0<\/span><\/span>of\u00a0<\/span><\/span>Commerce\u00a0<\/span>and\u00a0<\/span>Industry,\u00a0<\/span><\/span>wholesale\u00a0<\/span>inflation\u00a0<\/span><\/span>in\u00a0<\/span><\/span>September\u00a0<\/span><\/span>was\u00a0<\/span><\/span>(-)\u00a0<\/span><\/span>0.26\u00a0<\/span><\/span>percent\u00a0<\/span><\/span>compared\u00a0<\/span>to\u00a0<\/span><\/span>(-)\u00a0<\/span><\/span>0.52\u00a0<\/span><\/span>percent\u00a0<\/span>in\u00a0<\/span><\/span>August\u00a0<\/span><\/span>and\u00a0<\/span><\/span>(-)\u00a0<\/span><\/span>1.23\u00a0<\/span>percent\u00a0<\/span><\/span>in\u00a0<\/span><\/span>July.<\/span><\/span><\/span><\/span><\/span><\/span>The\u00a0<\/span>main\u00a0<\/span>cause\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>deflation\u00a0<\/span><\/span>in\u00a0<\/span><\/span>September\u00a0<\/span><\/span>is\u00a0<\/span><\/span>a\u00a0<\/span>decrease\u00a0<\/span><\/span>in\u00a0<\/span><\/span>prices\u00a0<\/span><\/span>for\u00a0<\/span><\/span>food\u00a0<\/span>items,\u00a0<\/span><\/span>mineral\u00a0<\/span>oils,\u00a0<\/span><\/span>textiles,\u00a0<\/span><\/span>basic\u00a0<\/span><\/span>metals,\u00a0<\/span><\/span>and\u00a0<\/span><\/span>chemicals\u00a0<\/span><\/span>and\u00a0<\/span><\/span>chemical\u00a0<\/span>products\u00a0<\/span><\/span>when\u00a0<\/span><\/span>compared\u00a0<\/span>to\u00a0<\/span><\/span>the\u00a0<\/span>same\u00a0<\/span><\/span>month\u00a0<\/span><\/span>last\u00a0<\/span>year.<\/span><\/span><\/span> <\/span><\/span><\/span>Following\u00a0<\/span><\/span>the\u00a0<\/span>statistics\u00a0<\/span><\/span>ministry’s\u00a0<\/span><\/span>announcement\u00a0<\/span><\/span>on\u00a0<\/span><\/span>October\u00a0<\/span>12\u00a0<\/span><\/span>that\u00a0<\/span><\/span>headline\u00a0<\/span><\/span>retail\u00a0<\/span>inflation\u00a0<\/span><\/span>had\u00a0<\/span>dropped\u00a0<\/span><\/span>to\u00a0<\/span>a\u00a0<\/span><\/span>three-month\u00a0<\/span><\/span>low\u00a0<\/span><\/span>of\u00a0<\/span><\/span>5.02\u00a0<\/span><\/span>percent\u00a0<\/span>in\u00a0<\/span><\/span>September,\u00a0<\/span><\/span>the\u00a0<\/span>WPI\u00a0<\/span><\/span>data\u00a0<\/span><\/span>was\u00a0<\/span>released\u00a0<\/span><\/span>on\u00a0<\/span><\/span>October\u00a0<\/span>13.<\/span><\/span><\/span> <\/span><\/span><\/span>Every\u00a0<\/span>month\u00a0<\/span><\/span>on\u00a0<\/span><\/span>the\u00a0<\/span>14th\u00a0<\/span><\/span>(or\u00a0<\/span><\/span>the\u00a0<\/span>following\u00a0<\/span><\/span>working\u00a0<\/span><\/span>day),\u00a0<\/span><\/span>the\u00a0<\/span>government\u00a0<\/span><\/span>publishes\u00a0<\/span><\/span>index\u00a0<\/span>numbers\u00a0<\/span><\/span>for\u00a0<\/span><\/span>wholesale\u00a0<\/span><\/span>pricing.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>index\u00a0<\/span><\/span>figures\u00a0<\/span><\/span>are\u00a0<\/span>created\u00a0<\/span><\/span>using\u00a0<\/span><\/span>information\u00a0<\/span><\/span>gathered\u00a0<\/span>from\u00a0<\/span><\/span>official\u00a0<\/span>sources\u00a0<\/span><\/span>and\u00a0<\/span>particular\u00a0<\/span><\/span>manufacturing\u00a0<\/span>facilities\u00a0<\/span><\/span>located\u00a0<\/span><\/span>throughout\u00a0<\/span><\/span>the\u00a0<\/span>nation.<\/span><\/span><\/span><\/span><\/span><\/span>In\u00a0<\/span><\/span>October\u00a0<\/span>2022,\u00a0<\/span><\/span>wholesale\u00a0<\/span>inflation\u00a0<\/span><\/span>as\u00a0<\/span><\/span>a\u00a0<\/span>whole\u00a0<\/span><\/span>was\u00a0<\/span><\/span>8.39\u00a0<\/span><\/span>percent;\u00a0<\/span><\/span>it\u00a0<\/span>has\u00a0<\/span><\/span>subsequently\u00a0<\/span><\/span>decreased.<\/span><\/span><\/span> <\/span><\/span><\/span>Notably,\u00a0<\/span><\/span>up\u00a0<\/span>until\u00a0<\/span><\/span>September\u00a0<\/span><\/span>of\u00a0<\/span><\/span>last\u00a0<\/span>year,\u00a0<\/span><\/span>inflation\u00a0<\/span><\/span>measured\u00a0<\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>wholesale\u00a0<\/span>price\u00a0<\/span>index\u00a0<\/span>(WPI)\u00a0<\/span><\/span>had\u00a0<\/span>reached\u00a0<\/span><\/span>double\u00a0<\/span>digits\u00a0<\/span><\/span>for\u00a0<\/span><\/span>18\u00a0<\/span><\/span>straight\u00a0<\/span><\/span>months.<\/span><\/span><\/span> <\/span><\/span><\/span>While\u00a0<\/span><\/span>still\u00a0<\/span><\/span>above\u00a0<\/span><\/span>the\u00a0<\/span>optimum\u00a0<\/span><\/span>4%\u00a0<\/span><\/span>scenario,\u00a0<\/span><\/span>retail\u00a0<\/span>inflation\u00a0<\/span><\/span>in\u00a0<\/span>India\u00a0<\/span><\/span>is\u00a0<\/span>currently\u00a0<\/span><\/span>over\u00a0<\/span>the\u00a0<\/span><\/span>RBI’s\u00a0<\/span><\/span>2\u20136%\u00a0<\/span><\/span>comfort\u00a0<\/span><\/span>range\u00a0<\/span><\/span>in\u00a0<\/span><\/span>September.<\/span><\/span><\/span> <\/span><\/span><\/span>Retail\u00a0<\/span>inflation\u00a0<\/span><\/span>in\u00a0<\/span><\/span>September\u00a0<\/span><\/span>was\u00a0<\/span><\/span>5.02\u00a0<\/span><\/span>percent.<\/span><\/span><\/span> <\/span><\/span><\/span>With\u00a0<\/span><\/span>the\u00a0<\/span>exception\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>most\u00a0<\/span><\/span>recent\u00a0<\/span><\/span>pauses,\u00a0<\/span><\/span>the\u00a0<\/span>RBI\u00a0<\/span><\/span>has\u00a0<\/span>increased\u00a0<\/span><\/span>the\u00a0<\/span>repo\u00a0<\/span>rate\u00a0<\/span><\/span>by\u00a0<\/span><\/span>a\u00a0<\/span>total\u00a0<\/span><\/span>of\u00a0<\/span><\/span>250\u00a0<\/span>basis\u00a0<\/span>points\u00a0<\/span><\/span>since\u00a0<\/span><\/span>May\u00a0<\/span>2022\u00a0<\/span><\/span>in\u00a0<\/span><\/span>an\u00a0<\/span>effort\u00a0<\/span><\/span>to\u00a0<\/span>combat\u00a0<\/span><\/span>inflation.<\/span><\/span><\/span> <\/span><\/span><\/span>An\u00a0<\/span><\/span>weapon\u00a0<\/span><\/span>of\u00a0<\/span><\/span>monetary\u00a0<\/span>policy\u00a0<\/span><\/span>that\u00a0<\/span><\/span>normally\u00a0<\/span><\/span>works\u00a0<\/span><\/span>to\u00a0<\/span>reduce\u00a0<\/span><\/span>demand\u00a0<\/span><\/span>in\u00a0<\/span><\/span>the\u00a0<\/span>economy\u00a0<\/span><\/span>and\u00a0<\/span><\/span>lower\u00a0<\/span>inflation\u00a0<\/span><\/span>is\u00a0<\/span>raising\u00a0<\/span><\/span>interest\u00a0<\/span>rates.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

\"Wholesale
Wholesale Inflation Remains In Negative For 6th Month At -0.26% In Sep<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI, Oct 16: According\u00a0to\u00a0the\u00a0Wholesale\u00a0Price\u00a0Index,\u00a0wholesale\u00a0inflation\u00a0in\u00a0India\u00a0remained\u00a0zero\u00a0through\u00a0September\u00a0for\u00a0the\u00a0sixth\u00a0consecutive\u00a0month,\u00a0according\u00a0to\u00a0official\u00a0statistics\u00a0released\u00a0on\u00a0Monday. It\u00a0entered\u00a0the\u00a0negative\u00a0range\u00a0in\u00a0April\u00a0of\u00a0this\u00a0year. Similar\u00a0to\u00a0this,\u00a0the\u00a0WPI\u00a0was\u00a0reported\u00a0to\u00a0be\u00a0negative\u00a0in\u00a0the\u00a0early\u00a0stages\u00a0of\u00a0Covid\u00a0in\u00a0July\u00a02020. According\u00a0to\u00a0official\u00a0figures\u00a0issued\u00a0by\u00a0the\u00a0Ministry\u00a0of\u00a0Commerce\u00a0and\u00a0Industry,\u00a0wholesale\u00a0inflation\u00a0in\u00a0September\u00a0was\u00a0(-)\u00a00.26\u00a0percent\u00a0compared\u00a0to\u00a0(-)\u00a00.52\u00a0percent\u00a0in\u00a0August\u00a0and\u00a0(-)\u00a01.23\u00a0percent\u00a0in\u00a0July.The\u00a0main\u00a0cause\u00a0of\u00a0the\u00a0deflation\u00a0in\u00a0September\u00a0is\u00a0a\u00a0decrease\u00a0in\u00a0prices\u00a0for\u00a0food\u00a0items,\u00a0mineral\u00a0oils,\u00a0textiles,\u00a0basic\u00a0metals,\u00a0and\u00a0chemicals\u00a0and\u00a0chemical\u00a0products\u00a0when\u00a0compared\u00a0to\u00a0the\u00a0same\u00a0month\u00a0last\u00a0year. Following\u00a0the\u00a0statistics\u00a0ministry’s\u00a0announcement\u00a0on\u00a0October\u00a012\u00a0that\u00a0headline\u00a0retail\u00a0inflation\u00a0had\u00a0dropped\u00a0to\u00a0a\u00a0three-month\u00a0low\u00a0of\u00a05.02\u00a0percent\u00a0in\u00a0September,\u00a0the\u00a0WPI\u00a0data\u00a0was\u00a0released\u00a0on\u00a0October\u00a013. Every\u00a0month\u00a0on\u00a0the\u00a014th\u00a0(or\u00a0the\u00a0following\u00a0working\u00a0day),\u00a0the\u00a0government\u00a0publishes\u00a0index\u00a0numbers\u00a0for\u00a0wholesale\u00a0pricing. The\u00a0index\u00a0figures\u00a0are\u00a0created\u00a0using\u00a0information\u00a0gathered\u00a0from\u00a0official\u00a0sources\u00a0and\u00a0particular\u00a0manufacturing\u00a0facilities\u00a0located\u00a0throughout\u00a0the\u00a0nation.In\u00a0October\u00a02022,\u00a0wholesale\u00a0inflation\u00a0as\u00a0a\u00a0whole\u00a0was\u00a08.39\u00a0percent;\u00a0it\u00a0has\u00a0subsequently\u00a0decreased. Notably,\u00a0up\u00a0until\u00a0September\u00a0of\u00a0last\u00a0year,\u00a0inflation\u00a0measured\u00a0by\u00a0the\u00a0wholesale\u00a0price\u00a0index\u00a0(WPI)\u00a0had\u00a0reached\u00a0double\u00a0digits\u00a0for\u00a018\u00a0straight\u00a0months. While\u00a0still\u00a0above\u00a0the\u00a0optimum\u00a04%\u00a0scenario,\u00a0retail\u00a0inflation\u00a0in\u00a0India\u00a0is\u00a0currently\u00a0over\u00a0the\u00a0RBI’s\u00a02\u20136%\u00a0comfort\u00a0range\u00a0in\u00a0September. Retail\u00a0inflation\u00a0in\u00a0September\u00a0was\u00a05.02\u00a0percent. With\u00a0the\u00a0exception\u00a0of\u00a0the\u00a0most\u00a0recent\u00a0pauses,\u00a0the\u00a0RBI\u00a0has\u00a0increased\u00a0the\u00a0repo\u00a0rate\u00a0by\u00a0a\u00a0total\u00a0of\u00a0250\u00a0basis\u00a0points\u00a0since\u00a0May\u00a02022\u00a0in\u00a0an\u00a0effort\u00a0to\u00a0combat\u00a0inflation. An\u00a0weapon\u00a0of\u00a0monetary\u00a0policy\u00a0that\u00a0normally\u00a0works\u00a0to\u00a0reduce\u00a0demand\u00a0in\u00a0the\u00a0economy\u00a0and\u00a0lower\u00a0inflation\u00a0is\u00a0raising\u00a0interest\u00a0rates.  <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6,67,89],"tags":[],"class_list":["post-4043","post","type-post","status-publish","format-standard","hentry","category-business","category-header","category-national"],"gutentor_comment":0,"yoast_head":"\nWholesale Inflation Remains In -ve For 6th Month At -0.26% In Sep<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jammubulletin.com\/site\/wholesale-inflation-remains-in-negative-for-6th-month-at-0-26-in-sep\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wholesale Inflation Remains In -ve For 6th Month At -0.26% In Sep\" \/>\n<meta property=\"og:description\" content=\"NEW DELHI, Oct 16: According\u00a0to\u00a0the\u00a0Wholesale\u00a0Price\u00a0Index,\u00a0wholesale\u00a0inflation\u00a0in\u00a0India\u00a0remained\u00a0zero\u00a0through\u00a0September\u00a0for\u00a0the\u00a0sixth\u00a0consecutive\u00a0month,\u00a0according\u00a0to\u00a0official\u00a0statistics\u00a0released\u00a0on\u00a0Monday. It\u00a0entered\u00a0the\u00a0negative\u00a0range\u00a0in\u00a0April\u00a0of\u00a0this\u00a0year. Similar\u00a0to\u00a0this,\u00a0the\u00a0WPI\u00a0was\u00a0reported\u00a0to\u00a0be\u00a0negative\u00a0in\u00a0the\u00a0early\u00a0stages\u00a0of\u00a0Covid\u00a0in\u00a0July\u00a02020. According\u00a0to\u00a0official\u00a0figures\u00a0issued\u00a0by\u00a0the\u00a0Ministry\u00a0of\u00a0Commerce\u00a0and\u00a0Industry,\u00a0wholesale\u00a0inflation\u00a0in\u00a0September\u00a0was\u00a0(-)\u00a00.26\u00a0percent\u00a0compared\u00a0to\u00a0(-)\u00a00.52\u00a0percent\u00a0in\u00a0August\u00a0and\u00a0(-)\u00a01.23\u00a0percent\u00a0in\u00a0July.The\u00a0main\u00a0cause\u00a0of\u00a0the\u00a0deflation\u00a0in\u00a0September\u00a0is\u00a0a\u00a0decrease\u00a0in\u00a0prices\u00a0for\u00a0food\u00a0items,\u00a0mineral\u00a0oils,\u00a0textiles,\u00a0basic\u00a0metals,\u00a0and\u00a0chemicals\u00a0and\u00a0chemical\u00a0products\u00a0when\u00a0compared\u00a0to\u00a0the\u00a0same\u00a0month\u00a0last\u00a0year. Following\u00a0the\u00a0statistics\u00a0ministry’s\u00a0announcement\u00a0on\u00a0October\u00a012\u00a0that\u00a0headline\u00a0retail\u00a0inflation\u00a0had\u00a0dropped\u00a0to\u00a0a\u00a0three-month\u00a0low\u00a0of\u00a05.02\u00a0percent\u00a0in\u00a0September,\u00a0the\u00a0WPI\u00a0data\u00a0was\u00a0released\u00a0on\u00a0October\u00a013. Every\u00a0month\u00a0on\u00a0the\u00a014th\u00a0(or\u00a0the\u00a0following\u00a0working\u00a0day),\u00a0the\u00a0government\u00a0publishes\u00a0index\u00a0numbers\u00a0for\u00a0wholesale\u00a0pricing. The\u00a0index\u00a0figures\u00a0are\u00a0created\u00a0using\u00a0information\u00a0gathered\u00a0from\u00a0official\u00a0sources\u00a0and\u00a0particular\u00a0manufacturing\u00a0facilities\u00a0located\u00a0throughout\u00a0the\u00a0nation.In\u00a0October\u00a02022,\u00a0wholesale\u00a0inflation\u00a0as\u00a0a\u00a0whole\u00a0was\u00a08.39\u00a0percent;\u00a0it\u00a0has\u00a0subsequently\u00a0decreased. 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