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Crisil Core Inflation Tracker: WPI noses up on costlier food

WPI-based fuel inflation is up at 9.7% average between April-October 2017

Business Standard 

October retail inflation touches 7-month high

based on the (WPI) rose to 3.6 per cent in October, from 2.6 per cent in September.

The pickup was driven by nearly 130-basis point (bp) rise in food inflation, 150 bps in fuel and 20 bps in core Both food and fuel rose after dipping in September, while for core inflation, this was the second consecutive month of modest pickup. WPI, which turned positive in July after four months of sustained decline, rose further in August, led by higher food and fuel Crisil Core Inflation Tracker: WPI noses up on costlier food After a blip in September, is once again heading north for two reasons: One is the low-base effect of food withering away and unseasonal rains in October causing vegetables prices to soar. Second, global energy prices have surged for the fourth consecutive month pushing up fuel WPI-based fuel is up at 9.7 per cent average between April-October 2017, compared with an average decline of 8.8 per cent last fiscal year.

First Published: Wed, November 15 2017. 00:06 IST