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Business News

Nov 15, 2018
8:38AM

Wholesale inflation rises to four-month high of 5.28% in October

PIB
Inflation based on wholesale prices,WPI rose  to a four-month high of 5.28 per cent in October.The Wholesale Price Index based inflation stood at 5.13 per cent in September and 3.68 per cent in October last year.
 
According to the government data released today,  the hike is mainly due to spike in petrol and diesel prices.  However,food articles   witnessed softening of prices with deflation at 1.49 per cent in October, against 0.21 per cent in September.

 Vegetables too became cheaper with deflation at 18.65 per cent in October, compared to 3.83 per cent in the previous month.
 
The WPI inflation is in contrast to the retail or consumer price index-based inflation data released earlier this week. The October CPI inflation had cooled to a year-low of 3.31 per cent.

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