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

by IANS |

New Delhi, Nov 15 (IANS) Higher prices of primary goods along with food articles and fuel cost stiffened India's October 2021 wholesale 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."

Latest News
'Everyone felt Covid's impact in the country', Congress slams govt Fri, Dec 03, 2021, 12:02 AM
Omicron: No case detected in TN so far, says Health Minister Fri, Dec 03, 2021, 12:01 AM
Wanted to give expensive gift to girlfriend, says i-Phone thief Thu, Dec 02, 2021, 11:59 PM
Omicron cases' infected contacts showing mild symptoms: K'taka Health Min Thu, Dec 02, 2021, 11:58 PM
Rajya Sabha passes Dam Safety Bill with amendment Thu, Dec 02, 2021, 11:57 PM
Over one-third wards dominated by females in KMC Thu, Dec 02, 2021, 11:56 PM
Steep fall for ex-Mumbai Police chief Param Bir Singh as suspension announced (Roundup) Thu, Dec 02, 2021, 11:54 PM
Over 1.5 lakh expected to attend PM's rally in Dehradun Thu, Dec 02, 2021, 11:53 PM
Goa BJP chief dares Cong to name minister accused of sex scandal Thu, Dec 02, 2021, 11:53 PM
HC asks Delhi govt to respond on revision of headload workers' wages Thu, Dec 02, 2021, 11:51 PM
Gurugram on alert amid Omicron scare Thu, Dec 02, 2021, 11:50 PM
Over 18 lakh farmers benefited with MSP value of Rs 57,032.03 cr: Govt Thu, Dec 02, 2021, 11:49 PM
Ridership, profit lower than projections for Delhi Metro's Phase 3: CAG Thu, Dec 02, 2021, 11:48 PM
DU Prof who researched on Parkinson's made Fellow of National Academy of Sciences Thu, Dec 02, 2021, 11:45 PM
'Jagdish Thakor to be new Gujarat Pradesh Congress Committee president, Rathwa LOP' Thu, Dec 02, 2021, 11:44 PM