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New Delhi : The provisional Wholesale Price Index (WPI) based inflation accelerated to a five-month high of 12.54% in October as compared to 10.66% recorded in September, as per data released by the Ministry of Commerce & Industry on Monday. In October 2020, the WPI based Inflation was 1.31 %.
The high WPI Inflation is mainly due to high prices of fuel, food items, basic metals and chemical and chemical products.
“The annual rate of inflation is 12.54% (Provisional) for the month of October, 2021 (over October, 2020) as compared to 1.31% in October, 2020. The high rate of inflation in October 2021 is primarily due to rise in prices of mineral oils, basic metals, food products, crude petroleum & natural gas, chemicals and chemical products etc. as compared the corresponding month of the previous year” the ministry said.
The Consumer Price Index-based Inflation (CPI Inflation) rose 4.48% in October from the same month last year and higher than 4.35% recorded in September of this year.