New Delhi, Nov 14 (KNN) The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 5.28% for the month of October, 2018.

The 5.28 per cent inflation is the highest in four months due to spike in petrol and diesel prices.

The index for 'Crude Petroleum & Natural Gas' group rose by 4.1 percent to 99.8 from 95.9 for the previous month due to higher price of crude petroleum (6%).

The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group decreased from 0.14% in September, 2018 to -0.64% in October, 2018.

The data from the Ministry of Commerce & Industry reveals that the wholesale prices of food articles, vegetables, pulses, and onion witnessed a deflation of 1.49 per cent, 18.65 per cent, 13.92 per cent, and 31.69 per cent respectively.

The index for ‘Manufacture of Leather and Related Products’ group declined by 0.8 percent to 122.0 from 123.0 for the previous month due to lower price of chrome tanned leather (3%), leather shoe, athletic/sport shoes and waterproof footwear (1% each).

However, the price of belt & other articles of leather (6%), vegetable tanned leather (2%) and travel goods, handbags, office bags, etc. and canvas shoes (1% each) moved up.

The overall index for manufactured products group rose by 0.3 percent to 118.8 from 118.5 (provisional) for the previous month.

As the part of manufactured products group, the index for ‘Manufacture of Textiles’ group rose by 0.1 percent to 119.0 from 118.9 for the previous month due to higher price of manufacture of other textiles (2%) and woollen yarn, synthetic yarn, viscose yarn, weaving & finishing of textiles and manufacture of cordage, rope, twine & netting (1% each).

However, the price of manufacture of made-up textile articles, except apparel (3%) declined.

The index for ‘Manufacture of Wearing Apparel’ group rose by 0.7 percent to 139.6 (provisional) from 138.6 (provisional) for the previous month due to higher price of manufacture of knitted & crocheted apparel (2%).

The Wholesale Price Index (WPI)-based inflation stood at 5.13 per cent in September and 3.68 per cent in October last year.