WPI inflation at 6-month high in October

With spike in food, vegetable prices, retail inflation hits seven-month high

The Central Statistics Office (CSO) and the Ministry of Statistics and Programme Implementation, in a latest report, said the Consumer Price Index (CPI) based inflation was 3.28 per cent in September, 4.2 per cent in October past year.

The pound dipped this morning after official figures showed inflation remained unchanged last month. The main reason was vegetable prices, with inflation in these up from 3.92 per cent to 7.4 per cent. Onions and tomatoes appear the main causes, though the government did not issue the details.

He added that continuous increase in petrol prices and that of high speed diesel due to rise in global crude oil prices must be taken care of by the policymakers since it may have an impact on the import bills and subsequent impact on exchange rates.

The CSO data says the October inflation for the food basket increased to 1.9 per cent.

Other notable categories such as cereals became dearer by 3.68 per cent and meat and fish recorded a rise of 3.12 per cent.

WFU ranks seventh in percentage of students studying overseas
Schools in the Midwest and those that are less selective saw the biggest drops in worldwide student enrollment, Goodman said. They're focused in large, diverse states with top colleges like California, New York, Texas, Massachusetts, and IL .

Still, the fact that inflation did not rise further will likely provide rate-setters with some relief.

According to the data released by the Ministry of Commerce and Industry here on Tuesday, the index for this major group rose by 2 percent to 133.4 (provisional) from 130.8 (provisional) for the previous month. Within food inflation, the price of vegetables, milk and milk products contributed to the increase. Inflation in rural areas was 3.4%, while in urban centres it stood at 3.8%.

Commenting on the Reserve Bank of India's (RBI) expected reaction to the inflation numbers released before its monetary policy review meet on December 6, Jaikishan J. Parmar, Research Analyst at Angel Broking, said: "Firstly, the CPI inflation is still well within the RBI comfort zone of 4 per cent".

Kate Smith, head of pensions at Aegon, warned people are facing a "triple whammy" of squeezes in their purse: high inflation, little sign of wage growth and rising interest rates.

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