India's wholesale inflation contracts 0.26 pct in September

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India's wholesale inflation contracts 0.26 pct in September

STORY: India's wholesale inflation contracts 0.26 pct in September DATELINE: Oct. 18, 2023 LENGTH: 00:01:21 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. shot of India gate 2. various of wholesale market area STORYLINE: India's wholesale price index (WPI) contracted 0.26 percent in September, data released by the Federal Ministry of Commerce and Industry Monday said. "Deflation in September 2023 is primarily due to fall in prices of chemical and chemical products, mineral oils, textiles, basic metals and food products as compared to the corresponding month of previous year," reads a statement issued by the ministry. WPI inflation, an indicator of prices in the wholesale market, rises or falls mainly due to steep increases or decreases in commodity prices globally. WPI Food inflation decreased from 5.62 percent in August 2023 to 1.54 percent in September 2023. The index for the manufactured products group increased 0.36 percent to 140.3 (provisional) in September 2023 from 139.8 (provisional) in Au

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