India Wholesale Price Inflation Rises Unexpectedly

India's wholesale price inflation rose unexpectedly in October, data from the Ministry of Commerce & Industry showed on Thursday.

The wholesale price index rose 0.16 percent year-on-year in October, after a 0.33 percent increase in September. Economists had expected a 0.24 percent fall.

The build up inflation was 1.92 percent in October compared to 4.90 percent in the corresponding period of the previous year.

Food inflation was 9.80 percent in October and prices of non-food articles rose 2.35 percent annually.

Meanwhile, fuel and power prices declined 8.27 percent and prices of manufactured products fell 0.84 percent.

On a monthly basis, wholesale prices rose 0.7 percent in October.

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