WPI (Wholesale Price Index) hikes to a 4-month high of 5.28% in October

Himalai provides Daily Current Affairs to enhance your  UPSC preparation which helps you to Clear IAS prelims Today’s topic is WPI (Wholesale Price Index) hikes to a 4-month high of 5.28% in October This topic provides you the percentages About the hikes in the WPI

Vegetables too became cheaper with deflation at 18.65 % in October, compared to 3.83 %  within the previous month.

Inflation supported wholesale costs, WPI rose to a four-month high of 5.28 % in October. The Wholesale indicant based mostly inflation stood at 5.13 percent in Sep and 3.68 % in October last year.

According to govt released data on wholesale price,  the hike is principally thanks to a spike in fuel and diesel costs.  However, food articles witnessed softening of costs with deflation at 1.49 percent in October, against 0.21% in Sep.

The WPI inflation is in distinction to the retail or shopper worth index-based inflation knowledge discharged earlier on. The October CPI inflation had cooled to a year-low of 3.33%.