Thu Nov 14 07:00:03 UTC 2024: ## India’s Wholesale Inflation Climbs on Soaring Food Prices

**New Delhi, November 14, 2024:** India’s wholesale price inflation (WPI) surged to 2.4% in October, up from 1.84% in September, driven by a significant rise in food prices. According to data released by the Commerce and Industry Ministry, food prices jumped by 11.6% in October, marking a more than two-year high.

Vegetable prices were the biggest contributors to the surge, increasing by over 63% compared to September’s already high 49%. Potato prices saw a dramatic increase, rising from 78.1% to 78.7% inflation, while onion inflation halved from 78.8% to 39.25%.

The Wholesale Food Index saw a 3% monthly jump, attributed to the rise in food prices, manufactured food products, other manufacturing sectors, machinery & equipment, and motor vehicles.

Manufactured products also saw inflation climb to 1.5% in October, up from 1% in the previous two months. Inflation in primary articles more than tripled from August, reaching 8.1%.

The rising food prices are likely to put pressure on household budgets and could exacerbate concerns about inflation in India.

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