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Just in: October WPI inflation creeps up to 7%

14 Nov 2013 Evaluate

In yet another blow to the economy after the double digit retail inflation numbers, India's main inflation gauge, based on monthly WPI, shot higher at 7% for the month of October as against 6.46% (Provisional) for the previous month of September and 7.32% during the corresponding month in the previous year. These numbers although higher than RBI’s comfort level of 5%, were in-line with street expectations. However, August inflation figures were revised upwards to 6.99% from 6.10% earlier. Build up inflation rate in the financial year so far was 6.00% compared to a build up rate of 4.66% in the corresponding period of the previous year.

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