WPI breaks 18-mth double-digit streak in October, eases to 8.39%

India's wholesale price index-based inflation in the month of October eased to 8.39% on an annual basis, from 10% recorded in September and 13.83% in October 2021, provisional data from the Commerce Ministry showed on Monday.

"Decline in the rate of inflation in October, 2022 is primarily contributed by fall in the price of mineral oils, basic metals, fabricated metal products, except machinery and equipment; textiles; other non-metallic mineral products; minerals etc," the ministry said in a press release.

Inflation in primary articles stood at 11.04%, up from 7.38% recorded in the same period a year ago. Food articles inflation rose to 8.33% from 0.06% in October 2021.


Inflation in vegetables rose to 17.61% in October 2022 from -17.45% a year ago in the same period.

Wholesale inflation in crude petroleum and natural gas eased from 86.36% in October 2021 to 43.57% in October 2022.

Manufactured products inflation in October stood at 4.42%, down from 12.87% in the year ago period. Fuel and power inflation eased to 23.17% from 38.61% in October 2021.

With this, the wholesale inflation in India has broken the streak of being in double digits for 18 consecutive months.

The month-on-month change in WPI index for October 2022 stood at 0.26 % as compared to September 2022.