The Wholesale Price Index (WPI) grew to 3.59 percent (provisional) for the month of October, 2017 as compared to 2.60 percent (provisional) for the previous month, thus registering a growth of one percent.
The index for 'Food Articles' group rose by 2.2 percent to 148.0 (provisional) from 144.8 (provisional) for the previous month due to higher price of fruits and vegetables (9 percent), tea (5 percent), poultry chicken (3 percent) and paddy (1 percent each). However, the price of betel leaves (9 percent), ragi (7 percent), gram and bajra (5 percent each) declined.
Meanwhile, the index for 'Non-Food Articles' group declined by 0.9 percent to 119.2 (provisional) from 120.3 (provisional) for the previous month due to lower price of raw cotton (5 percent), fodder, mesta and cotton seed (3 percent each), raw rubber, safflower (kardi seed) and castor seed (2 percent each). However, the price of floriculture (8 percent), raw wool and raw silk (2 percent each) and soyabean (1 percent each) moved up.
On the Fuel and Power front, the index rose by 3.1 percent to 93.5 (provisional) from 90.7 (provisional) for the previous month.
The index for 'Mineral Oils' group rose by 3.9 percent to 82.2 (provisional) from 79.1 (provisional) for the previous month due to higher price of LPG (9 percent), naphtha, petroleum coke and ATF (8 percent each), furnace oil (7 percent), kerosene (5 percent) and bitumen, HSD and petrol (2 percent each).
The index for 'Electricity' group rose by four percent to 106.1 (provisional) from 102.0 (provisional) for the previous month due to higher price of electricity (four percent).
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The index for 'Manufacture of Tobacco Products' group declined by 1.3 percent to 148.9 (provisional) from 150.9 (provisional) for the previous month due to lower price of cigarette (five percent) and other tobacco products (two percent). However, the price of beedi was up by 4 percent.
The index for 'Manufacture of Textiles' group declined by 0.2 percent to 113.2 (provisional) from 113.4 (provisional) for the previous month due to lower price of cotton yarn (2 percent) and woolen yarn (1 percent). However, the price of manufacture of knitted and crocheted fabrics (2 percent) and synthetic yarn (1 percent) moved up.
The index for 'Manufacture of Wearing Apparel' group rose by 0.4 percent to 137.1 (provisional) from 136.6 (provisional) for the previous month due to higher price of manufacture of knitted and crocheted apparel (2 percent).
The rate of inflation based on WPI Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group increased from 1.99 percent in September to 3.23 percent in October, 2017.
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