WPI inflation touches six-month high of 3.59%

Inflation at the wholesale level rose to 6-month high of 3.59 percent in October as the prices of food articles, led by onions and vegetables, rose sharply.

Inflation, based on the Wholesale Price Index (WPI), was 2.60 percent in September. In October last year, it was 1.27 percent.

Last month’s inflation was the highest since April, when it was 3.85 percent.

The government data released on Tuesday showed that inflation in food articles more than doubled to 4.30 percent in October. For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September.

In case of onions, inflation skyrocketed to 127.04 percent, while for the eggs, meat and fish segment the rate of price rise was 5.76 percent.

(Agencies)

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