WPI inflation eases to 0.16% in October
Commodity Online | November 14 2019
UPDATED 18:39:30 IST

Short-Term Risk Rising but Trend Remains Very Bullish

Retail Traders & Investors Squeezed to Buy High-Risk Assets Again

LME starts publishing off-warrant stocks data

Metals extend gains; oil prices trend higher despite increase in inventories

Metals rally as risk aversion takes hold; oil prices steady ahead of inventories report

Wholesale prices based inflation eased further to 0.16% in October, as against 0.33% in September due to subdued prices of non-food articles and fall in prices of manufactured items, according to latest government data.

The annual inflation, based on monthly wholesale price index (WPI), was at 5.54% in October 2018.

The rate of price rise for food articles was at 9.80% during the month, while for non-food articles it stood at 2.35%, showed the data released by the Ministry of Commerce and Industry.

For manufactured products, the wholesale inflation was at (-)0.84% in October 2019.

However, the retail inflation for the month hit a 16-month high of 4.62% due to soaring prices of food articles, including fruits and vegetables.