As per report wholesale inflation has increased in october and it has come down to 2.36 percent. In september also, there was an increase in wholesale inflation and it had increased to 1.84 percent. This rate of wholesale inflation is more than the estimate of financial experts and they had expected the wholesale inflation rate to be 2.20 percent in October.
Accordingly a significant increase is being seen in food inflation rate and it has come down to 11.59 percent in october, whereas it was at 9.47 percent in September. The inflation rate of primary articles has come down to 8.09 percent in the month of october and the inflation rate of manufactured products has come to 1.50 percent. The wholesale inflation rate of food items has come down to 3.37 percent and the inflation rate of crude petroleum and natural gas has come down to 0.41 percent. The wholesale inflation rate of minerals has come down to -1.67 percent and the inflation rate of non-food articles has been seen at -0.37 percent in October. Changes have been seen in some areas as compared to September.
Earlier in the month of october, the inflation rate of fuel and power segment has seen a decline and it has come into negative. Inflation rate of fuel and power segment has come down to -5.79 percent in October. In the month of october, the wholesale inflation rate figures are more or less parallel to the retail inflation figures. In the month of october, the retail inflation rate crossed 6 percent and reached 6.21 percent. Food inflation has crossed double digits and reached 10.87 percent and due to this a big increase has been seen in the retail inflation rate.
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