India wholesale inflation remains in deflation territory for sixth straight month

Image by The Kathmandu Post / Shutterstock. Sketched by the Pan Pacific Agency.

NEW DELHI, Oct 16, 2023, CNBC. Wholesale inflation in India unexpectedly remained in deflation, with the wholesale price index falling 0.26% in September from a year ago, CNBC reported.

This is in contrast to the 0.5% year-on-year rise expected by economists polled by Reuters, but a softer fall compared with the 0.52% decline seen in August.

The wholesale price index tracks prices of goods traded between corporations.

The September reading means that India’s wholesale inflation has been in deflation territory for six straight months, although September’s reading was the softest decline recorded since April.

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