Consumer inflation at 6.77%, WPI falls to single digit in October

In October, consumer (provisional) inflation stands at 6.77%, down from 7.41% last month, according to government data. The provision combined consumer food price index for October stood at 7.01, down from 8.60 per cent the previous month. The National Statistical Office, which comes under the ministry of statistics and programme implementation released the CPI data and CFPI data for rural, urban and combined.The price data are collected from selected 1,114 urban markets and 1,181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster, the government said in a statement. During the month of October 2022, NSO collected prices from 99.8% villages and 98.2% urban Markets while the Market-wise prices reported therein were 89.5% for rural and 91.8% for urban.

Wholesale Price-based Inflation (WPI) for October eased to its lowest level since March 2021. Dropping below the double-digit mark for the first time since March of the year 2021, it eased to 8.39 per cent in October from 10.70 per cent in September. According to the Commerce and Industry Ministry data released today, WPI inflation stood at 19 month low level amid ease in the food articles segment which slipped to 8.33 per cent in October. Vegetable prices segment eased to 17.61 per cent in the reported period against 39.66 per cent in September. The fuel and power segment eased to 23.17 per cent in October from 32.61 per cent in preceding month. The manufactured products segment also eased to 4.42 per cent in October from 6.34 per cent a month ago.