Tag: Negative inflation

NEW DELHI: Wholesale price inflation remained in the negative zone for the fifth month in a row in August, largely led by deflation in fuel, power and manufactured product segments but food inflation remained in double digits.Data released by the commerce and industry ministry on Thursday showed inflation, as measured by the Wholesale Price Index (WPI), contracted 0.5%, narrower than the 1.4% drop in July. The negative rate of inflation in August, 2023 is primarily due to fall in prices of mineral oils, basic metals, chemicals, textiles and...