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 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