The Wholesale Price Index (WPI) continues to rise and and pinch the common man. As per the latest data, the WPI inflation touched an eight month high at 7% in October. The WPI in in October 2012 was 7.32%, while in September this year was at 6.46 %.
WPI inflation continues to be high thanks to the rise in the prices of food items, fuel and manufactured goods. Food inflation was 18.19% in October from the previous month’s 18.4%. Coorespondingly, the consumer price index (CPI) has also touched a seven month high at 10.9% . The unprecedented hike in onion prices took the the vegetable inflation to 78.38%. Onion saw a rise of 278.21% in its prices in October while fruits became costlier by 15.94%.