Food prices increase, wholesale inflation rises to 12.5% in October.
The country's wholesale price index (WPI) rose to 12.5 percent in October. It was 10.6 percent in September, up from 1.31 percent in October 2020, a year earlier. The main reasons of the increase in prices are rise in petrol-diesel, food and beverage and metal prices.The inflation rate have been in
increase in prices are rise in petrol-diesel, food and beverage and metal prices.
The country's wholesale price index (WPI) rose to 12.5 percent in October. It was 10.6 percent in September, up from 1.31 percent in October 2020, a year earlier. The main reasons of the increase in prices are rise in petrol-diesel, food and beverage and metal prices.
The inflation rate have been in double digits for seven consecutive months. For example, the month-on-month change in the WPI index for October was 2.28 percent. As measured by the WPI Food Index, Inflation rose to 3.06 percent in October from 1.14 percent in September.
- Month-to-Month Inflation (October Vs September)
- Food & Beverage - 3.06% Vs 1.14%
- Fuel and Power - 37.18% Vs 24.81%
- Potato- (-51.32) percent Vs (-48.95%)
- Primary Article - 5.20% Vs 4.10%
- Onion- (-25.01) Vs (-1.19%)
- Eggs, meat and fish - 1.98% Vs 5.18%
- Manufactured Product - 12.04% Vs 11.41%
- Vegetables- (-18.49) Vs (-32.45)
Retail inflation stood at 4.48%
Earlier, retail inflation figures were released on Friday. Retail expansion rose to 4.48% in October from 4.35 percent in September. However, this figure is within the RBI's inflation forecast of 2-6%.
Source: Divyabhashkar
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