Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

WPI Inflation Touches Six-Month High of 3.59%; Onion, Veggies Costlier

Wholesale food prices in October rose 3.23 percent year-on-year, compared with a 1.99 percent rise a month earlier, the data showed.

PTI

Updated:November 14, 2017, 1:08 PM IST
facebookTwitterskypewhatsapp
WPI Inflation Touches Six-Month High of 3.59%; Onion, Veggies Costlier
Wholesale food prices in October rose 3.23 percent year-on-year, compared with a 1.99 percent rise a month earlier, the data showed.
Loading...

New Delhi: Inflation at the wholesale level rose to 6-month high of 3.59 percent in October as the prices of food articles, led by onions and vegetables, rose sharply.

Inflation, based on the Wholesale Price Index (WPI), was 2.60 percent in September. In October last year, it was 1.27 percent.

Last month's inflation was the highest since April, when it was 3.85 percent.

The government data released on Tuesday showed that inflation in food articles more than doubled to 4.30 percent in October.

For vegetables, it soared to 36.61 percent last month as against 15.48 percent in September.

In case of onions, inflation skyrocketed to 127.04 percent, while for the eggs, meat and fish segment the rate of price rise was 5.76 percent.

Inflation in manufactured products saw a slight dip to 2.62 percent, as against 2.72 percent in September.

In the fuel and power segment, inflation rose to 10.52 percent, as against 9.01 percent in September.

Fuel inflation has remained high for the past three months as petrol and diesel prices continued to rule high tracking global crude oil rates. Power tariffs shot through the roof on lower domestic production.

Pulses continued to witness deflation at 31.05 percent.

Likewise, in potato deflation was at 44.29 percent and wheat at 1.99 percent.

The final print of August WPI inflation remained unchanged at 3.24 percent.

As per the Consumer Price Index (CPI) data released yesterday, retail inflation for October rose to a 7-month high of 3.58 percent on costlier food items, especially vegetables.

Besides, industrial production for September expanded at 3.8 percent, on poor showing by the manufacturing sector coupled with decline in consumer durables output.

Last month, the Reserve Bank kept benchmark interest rate unchanged on fears of rising inflation while lowering growth forecast to 6.7 percent for the current fiscal.

RBI also raised its inflation forecast to the 4.2-4.6 percent range for the rest of the current fiscal as against 4-4.5 percent previously.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Ananya Chakraborty
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Maruti Suzuki 6,084.00 -0.76
BPCL 381.55 3.47
HDFC 1,990.25 -0.30
Reliance 1,206.75 0.78
Company Price Change %Gain
Maruti Suzuki 6,087.80 -0.70
Yes Bank 64.00 -1.77
ICICI Bank 398.55 -0.51
HDFC 1,990.00 -0.33
Tata Motors 121.65 -0.25
Top Gainers
Company Price Change %Gain
Tata Steel 357.75 3.71
Vedanta 149.85 3.06
BPCL 381.30 3.40
SBI 280.55 2.41
JSW Steel 221.05 2.24
Company Price Change %Gain
Tata Steel 357.95 3.92
Vedanta 150.10 3.13
SBI 281.30 2.70
Bajaj Finance 3,408.00 1.26
Axis Bank 648.00 1.22
Top Losers
Company Price Change %Gain
Britannia 2,613.35 -2.94
Coal India 192.15 -2.76
ONGC 127.05 -2.04
Eicher Motors 16,000.65 -1.75
Yes Bank 63.95 -1.77
Company Price Change %Gain
Coal India 192.00 -2.83
ONGC 127.00 -2.08
Bharti Airtel 338.10 -0.51
Yes Bank 64.00 -1.77
Sun Pharma 415.80 -1.15

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results