
Its downward journey interrupted, inflation once again climbed a notch to reach 10.72 per cent in the week ended October 25, up from the previous week8217;s inflation rate of 10.68 per cent. Inflation had been moderating for the past ten weeks prior to this. The wholesale price index stood at 238.5 as against 238.3 in the previous week.
The rise in the WPI was primarily led by a rise in the prices of certain food articles such as rice and tea and certain non-food items such as raw cotton and rubber.
Prices of certain manufactured items, too, under the rubber and plastic products, machinery and machine tools and transport equipment and parts categories rose marginally. The overall index for this group, however, declined marginally largely due to a fall in the prices of items under food products, textiles, paper products, chemicals and non-metallic mineral products. The fuel group didn8217;t see any movement in its index.
The department of economic affairs in the finance ministry issued a statement soon after the data was released highlighting that thought the inflation had climbed slightly over last week, it was still much lower compared to the 12.91 per cent level it had reached in August.