New Delhi: Rising inflation in India does not seem to be providing any relief to the common man. Wholesale price index-based inflation for the month of October was 12.54 percent as compared to 10.66 percent in September. Inflation is at a 5-month high. Where the wholesale inflation rate remained above the double figures for the last 7 months. The Commerce Ministry has released these figures.
Why wholesale inflation rose in October: According to data released by the government, the WPI has increased from 10.6 percent to 12.54 percent in October compared to September. Meanwhile, wholesale inflation for food items has increased from 1.14 percent to 3.06 percent. The wholesale price index for vegetables has increased from 32.45 percent to 18.49 percent. The WPI of manufacturing products has increased from 11.41 percent to 12.04 percent. Fuel and power wholesale inflation has increased the most. It has increased from 24.81 percent to 37.18 percent, with official data suggesting a rise in wholesale inflation due to a spurt in fuel (petrol diesel) and electricity prices. At the same time, the rise in prices of manufactured products is also responsible for this impact of inflation.
Retail inflation figures were made on Friday. Retail inflation rose from 4.35 percent to 4.48 percent in October compared to September. However, the figure is within the RBI's inflation estimate of 2-6 percent.
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