News Karnataka
Thursday, February 02 2023
Economy

India’s Oct wholesale price inflation rises to over 12%

Wholesale price inflation rises to over 12
Photo Credit :

New Delhi: Higher prices of primary goods along with food articles and fuel cost stiffened India’s October 2021 wholesale price inflation on a sequential and year-on-year basis.

Accordingly, the annual rate of inflation, based on wholesale prices, rose to 12.54 per cent last month from 10.66 per cent in September.

Similarly, on a YoY basis, the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry has risen exponentially over October 2021, when it stood at 1.31 per cent.

“The high rate of inflation in October 2021 is primarily due to rise in prices of mineral oils, basic metals, food products, crude petroleum and natural gas, chemicals and chemical products, etc., as compared to the corresponding month of the previous year,” the ministry said in its review of ‘Index Numbers of Wholesale Price in India’ for October.

“The month over month change in WPI index for the month of October, 2021 (as compared to September, 2021) was 2.28 per cent.”

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Rohan City Corp
Rohan City Corp

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp