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India's WPI inflation zooms to six-month high in October
Commodity Online | November 14 2017
UPDATED 15:56:10 IST

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India's wholesale price inflation grew to 3.59%, hitting a six-month high in October, due to increase in prices of food and fuel products.

WPI recorded 2.6% jump in September and 1.27% in October, a year ago.

The latest government data showed inflation in food articles more than doubled to 4.30 per cent in October. For vegetables, it soared to 36.61 per cent last month as against 15.48 per cent in September.

In case of Onions, inflation skyrocketed to 127.04 per cent, while for the eggs, meat and fish segment the rate of price rise was 5.76 per cent.

Inflation in manufactured products saw a slight dip to 2.62 per cent, as against 2.72 per cent in September. In the fuel and power segment, inflation rose to 10.52 per cent, as against 9.01 per cent in September.

Fuel inflation has remained high for the past three months as petrol and diesel prices continued to rule high tracking global crude oil rates. Power tariffs shot through the roof on lower domestic production.

Pulses continued to witness deflation at 31.05 per cent. Likewise, in potato deflation was at 44.29 per cent and wheat at 1.99 per cent.

The final print of August WPI inflation remained unchanged at 3.24 per cent.

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