Wholesale inflation jumps to 12.54 per cent in October

WPI inflation has remained in double digit for the seventh consecutive month beginning April. Inflation in September this year was at 10.66 per cent, while in October 2020 it was at 1.31 per cent

The wholesale price-based inflation spiked to 12.54 per cent in October, mainly due to rise in prices of manufactured products and crude petroleum, the Commerce and Industry Ministry said in a statement.

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WPI inflation has remained in double digit for the seventh consecutive month beginning April. Inflation in September this year was at 10.66 per cent, while in October 2020 it was at 1.31 per cent.

Inflation in manufactured items was higher at 12.04 per cent in October, as against 11.41 per cent in the previous month. In the fuel and power basket, the rate of price rise was 37.18 per cent in October, against 24.81 per cent in September. Crude petroleum inflation was 80.57 per cent during the month under review, as against 71.86 per cent in September.  

1.31 per cent
WPI inflation in October 2020

Haryana fuel pumps shutter down for 24 hours

Fuel pump owners in Haryana on Monday went on a 24-hour long strike seeking reduction in value added tax (VAT) on petrol and diesel, and increase in dealers’ commission. Around 3,700 petrol pumps went on strike at 6 am on Monday, and will end at 6 am on Tuesday, said Ashok Jain, treasurer of All Haryana Petroleum Dealers Association. He said petrol pumps would give fuel to emergency vehicles, like ambulances.

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