NEWDELHI (Commodity Online): India's annual inflation based on the Wholesale Price Index (WPI) for October eased marginally to 7.45 per cent, as per official data.
The inflation for October is lower than 7.83 per cent recorded in the previous month and 9.73 per cent registered in the corresponding month a year ago. The Government has revised the WPI-based inflation for August 2012 to 8.01 per cent compared with 7.55 per cent reported earlier.
In the financial year the build up inflation so far was 4.78 per cent compared to a build-up of 5.02 per cent in the corresponding period of the previous year.
The decline in primary articles index, which fell 0.2 per cent has caused this drop in October. The index for food articles declined 0.1 per cent due to lower prices of bajra, fish-marine, urad, arhar gram and poultry chicken.
Due to lower prices of soyabean, niger seed, castor seed, gingelly seed, raw jute and raw cotton, copra and raw silk. However, the index for minerals rose on higher prices of barytes, gypsum, copper ore, zinc concentrate and manganese or the non-food article index declined 2.3 percent .
Fuel and power prices rose 0.8 per cent due to higher prices of high speed diesel and LPG. Also, the index for manufactured products rose 0.1 percent during the month. India?s annual Consumer Price Inflation rose to 9.75 per cent in October.
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