Wholesale inflation falls to 27-month low in October as food prices slump | Mint
India’s wholesale inflation slowed in October as easing prices of key commodities provided relief to producers and buyers. The latest Wholesale Price Index (WPI) data indicates a softer rise in input costs, driven mainly by lower prices in fuel, basic metals, and select food items. Economists suggest that the dip reflects improving supply conditions and stabilising global commodity rates. Although some sectors such as food grains and vegetables continue to show intermittent price spikes, overall wholesale price pressures remain contained. The moderation may also support manufacturers managing high operating costs over the past few months. With retail inflation also showing signs of steadiness, analysts believe the combined trend could help maintain economic stability in the coming quarter. Policymakers are expected to monitor the figures closely as they balance growth and inflation management. October’s WPI reading signals encouraging progress toward price normalisation across major sectors of the economy.
The Key points
- Wholesale inflation eased in October, reflecting reduced price pressures.
- Fuel and power categories showed notable price moderation.
- Basic metals and chemical products recorded softer inflation.
- Some food items remained volatile due to supply variations.
- Global commodity stability supported India’s easing WPI trend.
- Manufacturers gained relief from previously rising input costs.
- Declining wholesale prices may aid overall economic stability.
- Analysts expect continued monitoring from policymakers.
- Retail inflation trends align with wholesale inflation cooling.
- October’s WPI indicates gradual normalisation across key sectors.
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