Wholesale Price Index-based inflation for the month of October rose to 7 percent, the highest in current financial year in the wake of costlier food items. The inflation measured on the wholesale price index, WPI was 6.46 per cent in September this year and 7.32 per cent in October 2012. As per the government data released today, rate of price rise in food articles segment was at 18.19 per cent in October. The jump in WPI inflation comes after the October retail inflation increased to 10.1 per cent, the highest in the past seven months. WPI inflation is on the rise since April this year. While inflation in the vegetable segment stood at 78.38 per cent in October, the rate of price rise in onion continued to remain high at 278.21 per cent.
News On AIR | November 14, 2013 1:50 PM
WPI inflation for Oct rises to 7% on back of high food prices