India’s wholesale, retail inflation in October highest in months

India’s annual rate of inflation based on retail and wholesale prices in October was the highest in months, according to official data.

According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, went up in October to 3.59 per cent from 2.60 per cent in September to a six-month high, news agency IANS reported, due to increase in prices of food and fuel products.

Costlier food items, particularly vegetables, pushed up retail inflation in October to seven-month high of 3.58 per cent. The Consumer Price Index (CPI)-based inflation was 3.28 per cent in September.

Similarly retail inflation in October touched a seven-month high of 3.58 per cent. The Consumer Price Index (CPI)-based inflation was 3.28 per cent in September.

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