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