India’s Oct WPI rises for 3rd straight month, jumps to 1.48 Percent

India’s annual rate of inflation based on wholesale prices jumped to 1.48 percent in October from a rise of 1.32 percent in September.

“The rate of inflation, based on monthly WPI, stood at 1.48 percent (provisional) for the month of October, 2020 (over October, 2019), as compared to ‘0.00 percent’ (standstill) during the corresponding month of the previous year,” a Ministry of Commerce and Industry statement on WPI said.

On a sub-segment basis, prices of manufactured items remained at elevated levels with a rise of 2.12 percent from 1.61 percent reported for September and (-) 0.93 percent recorded during October 2019.

The expenses on primary articles, which constitute 22.62 percent of the WPI’s total weightage, increased to 4.74 percent.

However, it had increased in a faster pace in September 2020 at 5.10 percent and 6.05 percent the corresponding month of the previous year.

Read More: https://www.bhaskarlive.in/indias-oct-wpi-rises-for-3rd-straight-month-jumps-to-1-48-ld/