Insta
India’s Wholesale Inflation Eases A Tad To 3.39 Per Cent In October
A woman checks the price of pulses and grains at a wholesale market in New Delhi. Photo Credit: MANAN VATSYAYANA/AFP/Getty Image
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 per cent, 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.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
