Higher food article inflation continues to weigh on WPI inflation
India's Wholesale Price Index (WPI) based inflation increased to 7% in October 2013 from 6.46% in September 2013. Meanwhile, the inflation figure for August 2013 was revised slightly upward to 6.99% from 6.10% reported earlier. Onions prices pushed the Wholesale Price Index (WPI) as its prices rose by 278%, although a bit down from previous month's inflation of 323%. The vegetable inflation, as a result of higher onion prices, stood at 78.4% in October against 89.4% in the previous month.The primary articles inflation moved up to 14.68% in October 2013 from 18.40% in September 2013. The inflation for primary articles was mainly driven by increase in inflation for higher rate of inflation for non-food articles at 6.79% and minerals at 7.03%.
The inflation for fuel and power group eased to 10.33% in October 2013 from 10.08% in September 2013. Meanwhile, the inflation for manufactured products rose to 2.50% in October 2013 from 2.03% in September 2013.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app