Wholesale Price Index (WPI) inflation has come down to 0.33 percent in September as compared to 1.08 percent in August, revealed government data. The figure stood was recorded at 5.22 percent during corresponding period last year.
So far the build-up inflation rate in the financial year was recorded at 1.17 percent against 3.96 percent in the consequent period of the previous year.
The manufactured products index, that account for 64.23 percent of inflation, increased by 0.1 percent to 117.9 (provisional) from 117.8 (provisional) for the previous month.
Wholesale Price Index (WPI) refers to the value of goods at a wholesale stage i.e. goods that are retailed in bulk and traded between organisations instead of consumers. WPI is important for measuring inflation in some economies.
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