WPI inflation rises to 5.28% in October

Inflation based on wholesale prices rose to a four-month high of 5.28 per cent in October, mainly due to spike in petrol and diesel prices, even as food prices softened.

The Wholesale Price Index (WPI)-based inflation stood at 5.13 per cent in September and 3.68 per cent in October last year.

According to the government data released on Wednesday, food articles witnessed softening of prices with deflation at 1.49 per cent in October, against 0.21 per cent September.

Vegetables too became cheaper with deflation at 18.65 per cent in October, compared to 3.83 per cent in the previous month.

Inflation in 'fuel and power' basket in October spiked to 18.44 per cent, from 16.65 per cent in September.

Individually, in petrol and diesel it was 19.85 per cent and 23.91 per cent, respectively, and for liquified petroleum gas (LPG) it was 31.39 per cent during October.

Among food articles, potato prices continued to rule high with 93.65 per cent inflation in October. While onion witnessed deflation of 31.69 per cent; the same for pulses stood at 13.92 per cent.

(Agencies)