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14 November 2018
 |
| Food Products (The Total Investment & Insurance Solutions) |
Inflation
based on wholesale prices rose to over 4-month high of 5.28 percent in October
on rising prices of crude, natural gas, fuel and power although food prices
have softened.
On the basis of Wholesale Price Index (WPI),
inflation was 5.13 percent in September and 3.68 percent in October last year.
According to a government data released
today, the index for crude petroleum and natural gas group rose by 4.1 percent
to 99.8 from 95.9 for the previous month due to higher price of natural gas.
The index for fuel and power group rose by 3.6 percent to 111.1 from 107.2 for
the previous month. The index for coal group rose by 0.2 percent due to
higher price of coking coal.
The index for Manufacture of Food Products
group rose by 0.1 percent to 129.5 from 129.4 for the previous month.
The index for Food Articles group rose by 0.9
percent to 145.8 from 144.5 for the previous month. The index for ‘Non-Food
Articles’ group, however, declined by 1.1 percent to 123.4 from 124.8 for the
previous month.
Meanwhile, data on retail inflation showed
that it fell to a one-year low of 3.31 percent in October on the back of
cheaper kitchen staples, fruits and protein-rich items.
The inflation based on the Consumer Price
Index (CPI) was 3.7 percent in September 2018 and 3.58 percent in October 2017.
The retail inflation number is the lowest since September 2017 when it touched
3.28 percent.The Total Investment &
Insurance Solutions
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