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India's October wholesale price inflation rises to over 12%

Higher prices of primary goods, food items and costly transport fuel stiffened India’s October wholesale inflation on both sequential and year-on-year basis.

wholesale price

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  16 Nov 2021 5:49 AM GMT

NEW DELHI: Higher prices of primary goods, food items and costly transport fuel stiffened India's October wholesale inflation on both sequential and year-on-year basis.

The annual rate of inflation, based on wholesale prices, rose to 12.54 per cent last month from 10.66 per cent in September.

Similarly, on a YoY basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry has risen exponentially over October 2020, when it stood at 1.31 per cent.

"The high rate of inflation in October is primarily due to the rise in prices of mineral oils, basic metals, food products, crude petroleum and natural gas, chemicals and chemical products etc., as compared to the corresponding month of the previous year," the ministry said in its review of 'Index Numbers of Wholesale Price in India' for October. "The month over month change in WPI index for October 2021 (as compared to September 2021) was 2.28 per cent," it said. As per the data, the primary articles segment, which has one of the highest weightage in the WPI, increased at a faster rate of 5.20 per cent in October as compared to 4.10 per cent reported for September 2021. (IANS)

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