News Karnataka
Wednesday, December 07 2022
Business

India’s wholesale inflation eases a tad to 3.39% in October

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New Delhi: Even as prices of pulses and potatoes ruled high, India’s annual rate of inflation based on wholesale prices fell marginally to 3.39 per cent for October from 3.57 per cent for the month before, official data showed on Tuesday.

As per data on the wholesale price index released by the Commerce and Industry Ministry, the annual inflation rate has climbed to the current level from a decline of (-)3.70 percent in October last year.

Further, the annual inflation rate for potatoes (October on October) stood at a whopping 60.58 percent, while that for pulses stood at 21.8 per cent. Similarly, under manufactured products, the food category saw an annual inflation rate of 10.48 per cent.

Onion prices, though, were down (-)65.97 per cent.

“The build up inflation rate in the financial year so far (that is, from April to October) was 4.34 per cent, compared to a build up rate of 0.45 per cent in the corresponding period of the previous year,” an official statement said.

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