Fuel and Power along with Manufactured Products show steepest rise
RAJASHREE DAS K
Chennai: Higher inflation in manufactured products and fuel made India’s wholesale price inflation (WPI) surge to 5.28% this October showed data released by the Commerce and Industry Ministry of India.
the corresponding period of the previous year.
Another major increase was of Manufactured products which surged to 4.49% in October from 4.22% within a month due to higher price of other meats, preserved/processed (6%) and castor oil (4%).
The WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 0.14% WPI Food Index (Weight 24.38%)
The pace of decline in inflation, in the wholesale basket, slowed for pulses but rose in onions and, eggs and meat.