Insta
India’s Wholesale Inflation Eases A Tad To 3.39 Per Cent In October
Swarajya Staff
Nov 15, 2016, 02:05 PM | Updated 01:41 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
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.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.