Wholesale inflation at 7 per cent, hits eight-month high in October

New Delhi, Reuters | Updated : 14 November 2013, 12:30 PM

The wholesale inflation accelerated to an eight-month high of 7.0 per cent in October, mainly driven by higher fuel and manufactured goods prices, government data showed on Thursday.

The wholesale price index's annual rise compared with a 6.90 per cent rise estimated by analysts in a Reuters poll. Wholesale prices, India's main inflation measure, had risen 6.46 per cent in September.

Food prices rose 18.19 per cent year-on-year in October, slower than an annual rise of 18.4 per cent in September.

The WPI inflation reading for August was revised to 6.99 percent from 6.1 per cent.

First Published: Thursday, November 14, 2013 12:28 PM
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