Wholesale inflation rises to 12.5 per cent in October

(PTI) New delhi date. 13

Inflation, as measured by the Wholesale Price Index (WPI), rose to 12.5 per cent in October, a five-month high on rising prices of manufacturing products and crude oil.

Inflation based on the Wholesale Price Index (WPI) has been in double digits for the seventh consecutive month since April. Inflation, as measured by the Wholesale Price Index (WPI), was 10.3 per cent in September 2011. Inflation, as measured by the Wholesale Price Index (WPI), was 1.81 per cent in October 2010.

The wholesale price index (WPI) inflation for October 2011 is at a five-month high after May. Inflation, as measured by the Wholesale Price Index (WPI), was 18.11 per cent in May.

The Ministry of Commerce and Industry (MoCI) said in a statement that the rise in prices of mineral sesame, basic metal, food products, crude petroleum, natural gas, chemicals and chemical products was due to higher inflation in October this year as compared to October last year.

In October, prices of fuel and electricity rose by 2.15 per cent. It was 8.41 per cent in September. Inflation in crude petroleum was 30.5 per cent in October. It was 31.8 per cent in September.

Food inflation was minus 1.2 per cent in October. It was minus 2.4 per cent in September. Vegetables became dearer by 12.5 per cent, while onions became cheaper by 3.01 per cent.

Retail inflation figures were released last week. Retail inflation rose to 7.5 per cent in October from 2.4 per cent a month earlier.