India's October wholesale inflation inches up to negative 3.81%

India's October wholesale inflation inches up to negative 3.81%

FP Archives November 16, 2015, 12:52:29 IST

Wholesale inflation moved up due to 86 percent spike in the prices of onions and 53 percent in pulses over the past year

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India's October wholesale inflation inches up to negative 3.81%

New Delhi: India’s annual rate of inflation, based on wholesale prices, inched up to (-)3.81 percent for October from (-)4.54 percent for the month before, mainly on account of a whopping 86-percent spike in the prices of onions and 53 percent in pulses over the past year.

Reuters

According to the data on official wholesale prices index released by the commerce and industry ministry, the indices for both the major groups of primary articles and manufactured products registered a decline of 0.36 percent and 1.67 percent, respectively, during the month under review.

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The index for the sub-category of food articles, though, was up 2.44 percent during the year. In the past month alone, prices for urad dal rose 17 percent, arhar 12 percent, gram 7 percent and moong 6 percent.

IANS

Written by FP Archives

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