Inflation falls to single digits 8.39%

The annual rate of Inflation based on all India Wholesale Price Index (WPI) number has fallen to 8.39% (Provisional) for the month of October, 2022.

This is a significant decrease over October, 2021 against 10.70% recorded in September, 2022.

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 DPIIT releases index numbers of wholesale price in India on monthly basis on 14th of every month (or next working day) with a time lag of two weeks.

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