New Delhi, Nov 14 - An exponential rise in food prices accelerated India's annual rate of inflation based on wholesale prices to 3.59% in October.
According to data from the Ministry of Commerce and Industry released on Tuesday, the wholesale price index (WPI), with the revised base year of 2011-12, went up in October to 3.59% from 2.60% in September.
On a segment-wise basis, the expenses on primary articles, which constitute 22.62% of the WPI's total weightage, edged higher by 3.33% from an increase of 0.15% in September 2017.
The prices of food articles rose by 4.30% from an acceleration of 2.04% during September 2017 and a rise of 2.98 per cent in October 2016.
In terms of food prices, the YoY (Year-over-year) wholesale inflation rate for onion was higher by 127.04%, whereas for potatoes it plunged by (-)44.29%.
In contrast, the overall vegetable prices in October rose by 36.6%, against a fall of (-)11.84% in the same month a year ago.
As per data, wheat became cheaper by (-)1.99% on YoY basis and the prices of pulses came down by (-)31.05%, but that of paddy became dearer by 3.10%.
Protein-based food items such as eggs, meat and fish became expensive by 5.76% during the month under review.
Prices of other major group under the WPI, manufactured products, which comprise nearly 64.23% of the index, recorded a 2.62% rise.
The sub-category of manufactured food products registered a rise of 1.26%.
Fuel and power prices' inflation accelerated by 10.52%.
Product-wise, the price of high-speed diesel rose by 15.43% during October while that for petrol climbed by 12.87% and for LPG by 26.53%.
This is the second macro-economic inflation data point for October that has shown a surge in prices.
The consumer price index (CPI) inflation for October rose to 3.58% from 3.28% reported for September.
The CPI inflation last month on a YoY basis was lower than 4.20% recorded in October 2016.
The overall food prices, as gauged by the Consumer Food Price Index (CFPI), rose to 1.90% during the month under review from 1.25% in September 2017.