India’s wholesale inflation increased to 1.84 percent in September from a four-month low of 1.31 percent it had hit in the previous month on the back of higher food prices, data released by the government showed on October 14.

The wholesale price index (WPI) witnessed a slight contraction of -0.1 percent in September 2023.

Wholesale prices remained above 1 percent since April. In FY24, the wholesale inflation averaged -0.7 percent, and the country experienced deflation in seven out of the 12 months.

Economists expect wholesale inflation to average around 2-3 percent for FY25.

Favourable base effect is also likely to keep the inflation up, even as commodity prices remain subdued due to China's weak demand.