New Delhi: The wholesale price-based inflation is accelerated to a five-month high of October, led by a surge in fuel prices, manufacturing products and some increase in food food, highlighting price pressure facing the economy.
Data issued by the department for industrial and internal trade promotion (DPIIT) on Monday shows inflation, which is measured by the wholesale price index (WPI), up 12.5% annually in October, higher than 10.7% in September and Above 1.3% was recorded in October 2020.
It is the seventh consecutive month when the WPI has been in two digits, while core inflation (which minus food and fuel) has soared to the highest of the time of 11.9%.
WPI data approaches the heel of retail inflation data, which shows a little up to 4.5% in October, mostly behind higher vegetable oil prices, service prices and vegetable price increases.
WPI data show fuel prices and power segments rose 37.2% annually during this month, higher than 24.8% in the previous month.
The recent pieces in customs and tax movements similar to countries are expected to provide assistance to consumers in the coming months.
Inflation in vegetables fell 18.5% in October, while potato prices declined 51.3%.
The price of onions falls 25% for a month.
Economists say the price situation in vegetables must be carefully interpreted as a high base mask on the actual level movement, which inches higher in recent weeks due to the impact of high fuel prices and crunch supply triggered by heavy rain.
Wholesale October inflation hits 5 months 12.5%
