Inflation jumps to 7 percent in October

New Delhi – India’s headline inflation based on wholesale prices jumped to 7 percent in October, the highest level in eight months, due to higher prices of fuel, food and manufactured goods, government data showed Thursday.

The country’s main inflation measure based on the wholesale price index (WPI) was at 6.46 percent in the previous month and 7.32 percent in the corresponding month of last year, according to data released by the ministry of commerce and industry here.

Food prices jumped by 18.19 percent year-on-year during the month under review. It had increased by 18.4 percent in September.

The headline for August is revised sharply upward at 6.99 percent from 6.1 percent reported earlier.