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. [caption id=“attachment_2508150” align=“alignleft” width=“380”] Reuters[/caption] 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. 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