Wholesale price inflation up third month in a row

India’s wholesale inflation firmed up for a third month in a row to 1.48% (provisional) in October as compared to 0.00 % during the corresponding month of the previous year, latest government data has shown.

The rate of inflation stood at 1.32% in September. August WPI inflation rate has been revised to 0.41% from 0.16%.

This is the highest level of WPI inflation since February when it was 2.26%. The index turned positive in August for the first time since March, as the economy begins to recover from the



biggest lockdown in the world due to the coronavirus pandemic.

While food article prices softened in October, manufactured items witnessed hardening of prices, according to data released by the Commerce and Industry Ministry on Monday.

Food inflation in October stood at 6.37%, as against 8.17% in the previous month.

The rate of price rise in vegetables and potato remained high at 25.23% and 107.70%, respectively, during the month.