Wholesale inflation rises to 5.28% in October

The non-food articles inflation stood at 4.14 percent in October 2018, compared to 4.17 percent in the previous month.

The Ministry of Commerce and Industry revised the wholesale inflation data for August 2018 to 4.62 percent from 4.53 percent.

Data released by the government showed fuel and power inflation rose to 18.44 percent as against 16.65 percent in September 2018.

Analysts on an average expected wholesale inflation to be in the range of 4.5 percent to 5.3 percent. Wholesale inflation data in October was expected to softened on a month-over-month basis to a sub 5 percent figure, the analysts added.

Experts said that a subdued increase in food and fuel prices as well as easing crude prices and other industrial commodities will help ease the whole sale inflation data in October. 

The consumer price index (CPI) inflation rate for October 2018 fell to 3.31 percent against September’s 3.77 percent. The October retail inflation was expected to cool off on a monthly basis and would mark the fourth straight month of deceleration due to muted food prices.