India's wholesale inflation rate rises to 3.59% in October 2017

India's headline annual rate of inflation, based on the revised monthly wholesale price index (WPI), with base 2011-12=100, rose to 3.59 percent for October, 2017 as compared to 2.60% for the previous month and 1.27%  during the corresponding month of the previous year.
An official statement, quoting provisional data, said here today that the official WPI for 'All Commodities' (Base: 2011-12=100) for October, 2017 rose by 1.0 percent to 115.5 from 114.3 for the previous month.
The statement said build-up inflation rate in the financial year so far was 2.03% compared to a build-up rate of 3.53% in the corresponding period of the previous year.
According to it, 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% in September, 2017 to 3.23% in October, 2017.
The rate of inflation for Fuel and Power, which has a weight of 13.15 in the index, rose to 10.52% in October, 2017 from 9.01% in September.
The statement said that, for August, 2017, the final Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) and annual rate of inflation remained unchanged at its provisional level of 114.8 and 3.24%, respectively, as reported on September 14.


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