As per the government data released on Thursday, rate of price rise in food articles segment was at 18.19 percent in October. The jump in WPI inflation comes after the October retail inflation increased to 10.1 percent, the highest in the past seven months.

WPI inflation is on the rise since April 2013. While inflation in the vegetable segment stood at 78.38 percent in October, the rate of price rise in onion continued to remain high at 278.21 percent.

Protein rich items like egg, meat and fish became dearer by 17.47 percent in October as against 13.37 percent in September 2013. While there was slight moderation in prices of cereals and rice, wheat became dearer in October. The inflation in wheat was at 7.88 percent last month as against 5.9 percent in September.

The data further revealed that inflation in the manufactured products has inched up to 2.5 percent versus 2.03 percent in September. The Reserve Bank had increased its key rate (repo rate) twice in its last two monetary policy reviews with an aim to check high inflation.

The WPI data released by the Department of Industrial Policy and Promotion (DIPP) further revealed that inflation in the primary articles segment also inched up to 14.68 percent in October from 13.54 percent in September 2013.

Inflation in fuel and power segment, at the wholesale level, too was marginally up at 10.33 percent. "Build up inflation rate in the financial year so far was 6 per cent compared to a build up rate of 4.66 percent in the corresponding period of the previous year," the release said.

Meanwhile, the WPI inflation for the month of August has been revised upwards to 6.99 percent from the earlier estimated at 6.1 percent.

(Agencies)

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