Wholesale Inflation Dips To -0.52% In October Following Retail Relief: WPI Continues 7-Month Streak In Negative Territory

Wholesale Inflation Dips to -0.52% in October following retail relief: WPI Continues 7-Month streak in negative territory.

Discover the latest on the Wholesale Price Index (WPI) as it records a -0.52% drop in October, marking the seventh consecutive month in negative territory.

Dive into the details of softening food prices and the significant decline in various sectors. Stay informed on economic trends.

Following retail inflation alleviation, wholesale inflation fell by -0.52 percent in October. After retail, news of relief is coming on the wholesale inflation front also.

Inflation based on the Wholesale Price Index remained in negative territory for the seventh consecutive month in October at (-) 0.52 percent due to the softening of food prices.

In October last year, WPI was at 8.67 percent.

WPI has been in the negative zone since April.

Let us tell you that the wholesale inflation rate has been in the negative zone since April 2023 and in September 2023 it was (-) 0.26 percent.

Inflation in food items came down to 2.53 percent in October from 3.35 percent in the previous month.

Ministry of Commerce and Industry said today.

The negative rate of inflation in October 2023 is mainly due to a decline in prices of chemicals and chemical products, electricity, textiles, basic metals, food products, paper and paper products, etc. in comparison to the same month previous year.

WPI for fuel and power has also lowered.

In October, fuel and power inflation was (-) 2.47 percent, down from (-) 3.35 percent in September.

In September, the rate of inflation in manufactured goods was (-) 1.13 percent, down from (-) 1.34 percent in August.

Retail inflation has declined to a five-month low.

Prior to wholesale inflation, retail inflation data was released yesterday evening, revealing that retail inflation had fallen to its lowest level in five months.

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Vivo Watch 3 launched with a battery life of up to 16 days, and will get more than 100 sports modes; know the price.

Along with Vivo X100 and Vivo X100 Pro, Vivo has also introduced Vivo Watch 3 in the Chinese market.

The Vivo Watch 3 features a square dial with a 1.43-inch AMOLED display. The smartwatch has a stainless steel body and is available in rubber and leather strap variants.

The smartwatch has a digital crown that helps the user navigate through the UI. Let us know what other features are available in the smartwatch.

Vivo Watch 3 price.

The Vivo Watch 3 is available with Bluetooth and eSIM.  The Vivo Watch 3 is now on pre-order and will be available in China on November 21.

If you want to buy it in leather, you will have to pay RMB 1199 (approximately Rs 13,700). The smartwatch with LTE (e-SIM) support is priced at RMB 1299 (approximately Rs 14,850).

Specifications of Vivo Watch 3.

Vivo Watch 3 has AOD support and comes pre-loaded with over 100 watchfaces. Over 100 distinct sports modes are available on the smartwatch.

Vivo’s new smartwatch features a star ring-style sensor layout with 8-channel heart rate monitoring and 16-channel blood oxygen monitoring.

The company has also equipped the Watch 3 with in-house deep-learning AI heart rate fusion analysis technology.