Click it and Unblock the Notifications
October WPI At 3.59%; At Par With CPI Levels Of 3.58%
The inflation numbers for the last months have come on the higher side leaving no scope for the RBI to cut rates.
As against expectations, the headline number has come in higher by 50 basis points to 3.59% for the month of October against 2.6% a month ago. Nearly all of the sub-indices have hardened except for the petrol and diesel which saw a respite after reduction in excise duty on petroleum products.
Core inflation is also reported to be on a higher side and remains flat month on month at 2.9% which stood at 3% in September month.
Oil and energy index peaked to 2.2%, Food article index also jumped to 4.3%, fuel and power index remained at 10.52%.
Primary articles index reported a figure of 3.33% for the month under review, manufactured index clocked the figure of 0.26%.
The WPI inflations are not looked after by the central bank for deciding on the interest rate and other policy rates. Yesterday, the government released CPI data which stood close to WPI figures at 3.58%.
Goodreturns.in
Sign in with Google