WPI inflation: Wholesale inflation rate increased again, increased to 2.36 percent in October

WPI inflation: An increase has been recorded in wholesale inflation in October and it has come down to 2.36 percent. In September also, an increase was seen in the wholesale inflation rate and it had increased to 1.84 percent. This rate of wholesale inflation is higher than the estimates of financial experts and they had estimated the wholesale inflation rate to be 2.20 percent in October.

Huge increase in food inflation rate

A significant increase is being seen in the food inflation rate and it has come down to 11.59 percent in October whereas it was 9.47 percent in September. The inflation rate of primary articles has come down to 8.09 percent in the month of October and the inflation rate of manufactured products has come down to 1.50 percent.

Inflation data of food items/crude petroleum

The wholesale inflation rate of food items has come down to 3.37 percent and the inflation rate of Crude Petroleum and Natural Gas has come down to 0.41 percent. The wholesale inflation rate of minerals has come down to -1.67 percent and the inflation rate of non-food articles has appeared at the rate of -0.37 percent in October. Changes have been seen in some areas compared to September.

Decline in inflation rate of fuel and power segment

In the month of October, there has been a decline in the inflation rate of fuel and power segment and it has come in negative. In October, the inflation rate of fuel and power segment has come down to -5.79 percent.

Difference between core inflation and WPI inflation

In the month of October, the wholesale inflation figures are more or less parallel to the retail inflation figures. In the month of October, retail inflation crossed 6 percent and reached 6.21 percent. The food inflation rate has crossed double digits and reached 10.87 percent and due to this a big increase has been seen in the retail inflation rate.

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