After remaining unchanged for a week, inflation rose by 0.28 per cent to 7.38 per cent for the week ended October 23, mainly due to costlier vegetables, fuels and certain manufactured products.
The point-to-point Wholesale Price Index inflation rose from 7.1 per cent even as the Reserve Bank of India expected it to be around 6.5 per cent this fiscal due to lingering concern over uncertain oil prices in the global markets.
The general price level was 5.13 per cent in the previous year period.