Wholesale inflation rises to 8-month high in October

New Delhi, November 16

The wholesale price-based inflation rose to an eight-month high of 1.48% in October, as manufactured products turned costlier, with experts saying the RBI will keep interest rates on hold in its policy review next month. The WPI inflation was at 1.32% in September and zero per cent in October last year.

This is the highest level of wholesale price index-based (WPI) inflation since February, when it was at 2.26%.

Highest since February

• The wholesale price-based inflation rose to an eight-month high of 1.48% in October, as manufactured products turned costlier
• The WPI inflation was at 1.32% in September and zero per cent in October last year
• This is the highest level of wholesale price index-based inflation since February, when it was at 2.26%
• While food article prices softened in October, manufactured items witnessed hardening of prices

While food article prices softened in October, manufactured items witnessed hardening of prices, according to the data released by the Commerce and Industry Ministry. Food inflation in October stood at 6.37%, as against 8.17% in the previous month.

The rate of price rise in vegetables and potato remained high at 25.23% and 107.70%, respectively, during the month. — PTI