India’s inflation rises to 9.73 per cent in October
Inflation in India, which his measured by measured by the Wholesale Price Index (WPI), has risen significantly to 9.73 per cent in October, according to the latest data released on Monday.
The country’s inflation was at 9.72 per cent in September and it was at 9.08 per cent in October, 2010. The inflation recorded the rise due to the increasing prices of food products, fuel and manufactured goods.
Food commodities became expensive by 11.06 per cent year-on-year during the month. It was recorded at the level of 9.23 per cent in September. Vegetables became 21.76 per cent expensive while fruit prices grew 11.96 per cent and milk by 11.12 per cent in October.
The prices for Eggs, meat and fish grew 12.59 per cent during October on an annual basis. The inflation for overall primary items stood at 11.40 per cent in October, compared to 11.84 per cent in September.
The prices for non-food items increased 7.71 per cent in October, as compared to a 14.82 per cent in the previous month. Manufactured products become expensive by 7.66 per cent year-on-year in October compared to 7.69 per cent in September.
The RBI has been concerned over high inflation in the country and has raised the interest rates 13 times since March last year in order to try to control the high prices of commodities.