What Impact Will India’s WPI Inflation Rise Have on the Economy and Consumers?

"How will India's WPI inflation affect the country's economy in the months ahead?"

India’s wholesale price index (WPI)-based inflation for the month of October escalated to 2.36 per cent on an annual basis in comparison to 1.84 per cent in September, showed the provisional data released by the Ministry of Commerce & Industry on Thursday. In August, WPI inflation was at 1.31 per cent  and July inflation was at 2.04 per cent. “Inflation in October, 2024 is primarily due to increase in prices of food articles, manufacture of food products, other manufacturing, manufacture of machinery & equipment, manufacture of motor vehicles, trailers & semi-trailers, etc.,” Ministry of Commerce & Industry said in a statement.