WPI inflation at 2.36% in October 2024
On 14 November 2024 in New Delhi, the Commerce Ministry said annual inflation based on the Wholesale Price Index was 2.36% (provisional) in October 2024.
Summary
On 14 November 2024 in New Delhi, the Ministry of Commerce and Industry said the annual rate of inflation based on the all-India Wholesale Price Index (WPI, base year 2011-12) was 2.36% (provisional) for October 2024 over October 2023. It said inflation was mainly due to higher prices of food articles, manufactured food products, other manufacturing, machinery and equipment, and motor vehicles. Month on month, the WPI rose 0.97% over September 2024; the Primary Articles index rose 2.35%, while the Fuel and Power index fell 0.27%.
Key facts
- Date/place
- 14 Nov 2024, New Delhi
- WPI inflation (Oct 2024)
- 2.36% (provisional)
- Base year
- 2011-12
- Month-on-month
- +0.97% over Sep 2024
- Primary articles
- Index +2.35% (weight 22.62%)
- Fuel & power
- Index -0.27% (weight 13.15%)
Practice MCQs 2 questions
What was the annual WPI-based inflation rate (provisional) for October 2024?
Show answer
Correct answer: B — 2.36%
PIB (Commerce): WPI inflation was 2.36% (provisional) in October 2024. 0.97% was the month-on-month change.
What is the base year of India's Wholesale Price Index used for the October 2024 data?
Show answer
Correct answer: C — 2011-12
PIB (Commerce): the WPI release for October 2024 uses base year 2011-12.