: WPI inflation rises to 8month high of 1.48 per cent #FinanceIndia #StockMarketNEWS WPI inflation rises to 8-month high of 1.48 per cent New Delhi, Nov 16 (KNN) Wholesale Price Index (WPI)-based inflation

@StockMarketNEWS Tue 17 Nov, 2020

Posted in: #FinanceIndia #StockMarketNEWS

WPI inflation rises to 8month high of 1.48 per cent #FinanceIndia #StockMarketNEWS
WPI inflation rises to 8-month high of 1.48 per cent New Delhi, Nov 16 (KNN) Wholesale Price Index (WPI)-based inflation rate rose for the third straight month to an eight-month high of 1.48 per cent in October.

The WPI inflation was 1.32 per cent in September and zero per cent in October last year.

The annual rate of inflation based on WPI Food Index, which comprises food articles from primary articles group and food product from manufactured products group, decreased to 5.78 per cent in October from 6.92 per cent in September. The government also revised the wholesale inflation for August to 0.41 per cent from 0.16 per cent earlier, an official statement said on Monday.

The rate of price rise in vegetables and potatoes remained high at 25.23 per cent and 107.70 per cent, respectively, during the month.

Inflation in non-food articles and minerals was higher at 2.85 per cent and 9.11 per cent, respectively.

In the manufactured products category, inflation stood at 2.12 per cent in October, compared to 1.61 per cent in September.

Prices in fuel and power baskets softened to (-) 10.95 per cent in October.

The retail inflation, based on the consumer price index, was 7.61 per cent in October, data released last week showed.