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Wholesale inflation rises to six-month high of 3.59% in October

The rate of WPI-based inflation had stood at 2.6% in September

BS Web Team  |  New Delhi 

A labourer sits on sacks of food grains while waiting for customers at a wholesale market in Ahmedabad

The rate of (WPI) -based inflation, or wholesale inflation, rose to 3.59 per cent in October, against 2.6 per cent the previous month, showed official government data released on Tuesday. Wholesale price picked up in October to a six-month high, driven by faster rises in prices of and products, government data showed on Tuesday. The rise compares with a 3.01 percent increase forecast by economists in a Reuters poll. Wholesale prices in October rose 3.23 per cent year-on-year, compared with a 1.99 per cent rise a month earlier, the data showed. More details awaited.

First Published: Tue, November 14 2017. 12:58 IST