The Telegraph
Tuesday, November 21, 2017
 

Wholesale toes retail price line


New Delhi: Wholesale price inflation picked up in October to a six-month high at 3.59 per cent, driven by costlier food and fuel products, government data showed on Tuesday.

According to the Wholesale Price Index (WPI) number, inflation was 2.60 per cent in September. In October last year, it was 1.27 per cent.

The WPI data come a day after official statistics revealed that retail or CPI inflation rose to a 7-month high of 3.58 per cent in October, driven by costlier food items, particularly vegetables.

The WPI-based inflation for October this year is the highest since April, when it was at 3.85 per cent.

Data showed that inflation in food articles more than doubled to 4.30 per cent in October.

In case of onions, it skyrocketed to 127.04 per cent, while for vegetables it was 36.61 per cent. In the eggs, meat and fish segment, the rate of price rise was 5.76 per cent.

The spike in WPI inflation is broad-based, led by vegetables, fruit and crude oil.


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