Oct retail inflation at 8-month high

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SummaryThough there was some relief in prices of cereals and rice, wheat was costlier in October.

Headline inflation for October rose to 8-month high of 7 per cent on the back of high food prices, compared to 6.46 per cent in September. Food prices witnessed an increase of 18.19 per cent with vegetable prices shooting up as much as over 78 per cent.

According to the wholesale price index (WPI) figures released on Thursday, onion prices jumped a whopping 278.21 per cent during the month as compared to 322.94 per cent in September while protein-rich items like egg, meat and fish became dearer by 17.47 per cent in October as against 13.37 per cent in the previous month. Though there was some relief in prices of cereals and rice, wheat was costlier in October. Fuel and power prices rose 10.33 per cent during the month.

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