Inflation rose fastest in six months to stand at 1.51 per cent for the week ended October 17, primarily due to rising oil prices on a year-on-year basis.
The headline inflation rate, as measured by the Wholesale Price Index (WPI), stood at 1.21 per cent for the previous week ended October 10, and was 10.82 per cent during the corresponding period in 2008.
The inflation rate for the fuel category continued to be in the negative territory but increased by 60 basis points to -6.2 per cent. However, oil prices declined by 0.1 per cent on a week-on-week basis. Prices of primary articles and manufactured products registered an increase of 5 basis points and 29 basis points, respectively, to 8.7 per cent and 1.56 per cent.
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