16.11.13

WPI inflation @ 7%



The wholesale price index (WPI) continued to rise and touched an eight month high at 7% in October.
The WPI in in October 2012 was 7.32%, while in September this year was at 6.46 %.
The government revised the inflation numbers for August sharply upwards 6.99% from 6.1% reported earlier.
The WPI inflation, continued to be high due to rise in the price of food articles, fuel and manufactured goods. The inflation in food items was 18.19% in October from the previous month’s 18.4%.
The consumer price index (CPI) had touched a seven month high at 10.9% .
The unprecedented hike in the price of onion took the inflation in the vegetable segment to 78.38%.Onion has seen a rise of 278.21% in its prices in October. Fruits became costlier by 15.94%. Prices of protein rich articles like egg, meat and fish soared by 17.47% year-on-year during the month under review.

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