India’s wholesale inflation hardens to six-month high of 3.59% in October

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India’s wholesale inflation grew to 3.59 percent during October, higher from 2.6 percent in September, due to increase in prices of food and fuel products.

Wholesale inflation rate, measured by WPI, is a marker for price movements in bulk buys for traders and broadly mirrors trends in shop-end prices.

Latest price data released by the commerce ministry today showed that food articles inflation rose to 3.23 percent vs 1.99 percent in September.

The Vegetables Index in October is up 19.9 percent.

Primary articles, which accounts for more than a fifth of the entire wholesale price index grew 3.33 percent in October from 0.15 percent in September.

All commodities index rose 1 percent while manufactured products index rose 0.26 percent.

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