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Our Bureau

New Delhi, Oct 30 The annual wholesale price index-based inflation rose 10.68 per cent during the week ended October 18, slower than the previous week’s annual rise of 11.07 per cent, the Commerce Ministry said in a statement in New Delhi on Thursday.

Inflation has dropped below the 11 per cent mark for the first time since May this year.

The official WPI for ‘All Commodities’ in the latest reported week declined by 0.2 per cent to 238.3 points, from 238.8 points in the previous week.

On a disaggregated basis, in case of the ‘Primary Articles’ group, the annual inflation declined to 10.92 per cent in the latest reported week compared with 11.53 per cent in the previous week.

Out of a total of 98 articles, 15 articles showed a decline in the current week.

These included wheat, arhar, urad, moong, raw cotton, raw rubber, potatoes, groundnut seed, papaya, banana, apples, cashew nuts and corriander. Another 60 articles have shown no increase in price rise levels.

The fuel and power commodity group declined to 14.09 per cent in the current week compared to 14.49 per cent in the previous week and 17.99 per cent on August 2. While inflation in case of furnace oil and light diesel oil declined, price levels of 16 other commodities remained unchanged. Bitumen was the only commodity which witnessed an increase in inflation levels. Manufactured products declined to 9.26 per cent compared to 9.53 per cent. Out of 318 commodities, 18 commodities witnessed decline in price levels. Only seven products witnessed an increase in prices. Inflation of 30 essential commodities declined to 7.47 per cent in the latest week, from 7.80 per cent in the previous week.

For the week ended August 23, the final WPI stood revised to 241.2 points as compared to 240.3 points reported provisionally, and the annual rate of inflation based on the final index stood at 12.76 per cent.

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