Fuel inflation has been on the rise for the past three months as petrol and diesel prices soared in sync with global crude oil rates. (Photo: PTI) Mumbai: Wholesale inflation in the month of October grew to 3.The fuel and power segment, saw prices rising 10.Wholesale inflation rate, measured by WPI, measures changes in prices for bulk buys for traders and broadly reflects the price trend for consumers.In case of onions, prices shot through the roof to 127.58 per cent in October.Prices of manufactured products dipped marginally to 2.27 per cent in October, 2016. The RBI at Raincoat fabric its previous meet in October had flagged price rise as an area of concern and a reason for keeping the lending rate unchanged at 6 per cent. In the case of vegetables, prices soared to 36.33 per cent in October from 0.52 per cent, as against 9.The uptick in prices makes the case for an interest rate-cut in December difficult when the Reserve Bank of India (RBI) will be meeting for its monetary policy review.Wholesale inflation had cooled to 2.48 per cent in September. Related StoriesWholesale inflation jumps to 3.Wholesale inflation hardens to 3.59 per cent driven by higher fuel and food products. It stood at 1.58 per cent in October.On Monday, data released by the government showed that consumer price inflation had risen to a seven-month-high of 3.61 per cent in October as against 15.04 per cent.The price data released by the commerce ministry on Tuesday showed that inflation in food articles more than doubled to 4.01 per cent in September. The uptick in prices makes the case for an interest rate-cut in December difficult when the RBI will review its monetary policy.76 per cent.59 per cent on the back of food and fuel prices.6 per cent in the month of September.24 per cent in AugustRetail inflation surges to 3.59 per cent in October on food prices THE ASIAN AGE. Prices of eggs, meat and fish rose at 5.30 per cent in October.Inflation in the case of primary articles rose 3
 |
ucoaabrlea,waterproof mattress protector ucoaabrlea |
ucoaabrlea