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.
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