India's Wholesale Price Index (WPI) for the manufacturing sector has experienced a notable increase, according to the latest data updated on November 14, 2024. In October 2024, the WPI reached 1.50%, up from the previous month's rate of 1.00% recorded in September 2024.
This recent rise in manufacturing WPI is part of a year-over-year comparison, showcasing the change in inflation across the same months over different years. The increase signifies a 0.50% rise in the manufacturing inflation rate when comparing October 2024 with October in the prior year.
The climb in manufacturing WPI suggests potential upward pressure on prices within the Indian market, reflecting on broader economic conditions that could impact consumers and businesses alike. As stakeholders monitor these changes attentively, the increase highlights ongoing developments and adjustments within India's manufacturing sector.