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Wholesale Inflation Edges Up to 7 Percent Last Month

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Wholesale Inflation Edges Up to 7 Percent Last Month

November 15
06:23 2013

vegetableNew Delhi, November 15 – The common mob had to fight with inflating inflation at every step in the previous month. Prices of everyday commodities were at peak, making living situations difficult for the consumers.

As compared to 2012, wholesale inflation of the country edged up to 7 percent in October 2013. As per government data yesterday, the wholesale price index rocketed as a result of elevated costs of food items, fuel and power.

Most bothering data was retail inflation that reached at 10.09 percent in October, being the highest in past seven months. As indicated by latest report, soaring costs of veggies played major role in pushing retail prices up to the double –digit. Onions have touched the ton and beside this vegetable, tomato and potato also became out of reach.

Hike in prices was seen all around, be it daily food products, milk, fuel and electricity. Costs of veggies, fuel and onion escalated by 78.2 percent, 10.3 percent and 278.2 percent, respectively. Raising more worries for the people, home loans may also get costlier in the coming days. A minor drop has been noticed just in food inflation that skidded from an increase of 18.4 percent in September to 18.2 percent last month.

Persistently high food costs have been symbolic of country’s uncontrollable inflation and would certainly create a challenging platform for the government in coming general elections. Due to the lack of emergency measures, government failed to bring down soaring prices of vegetables.

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