PREVIEW: Inflation in India likely picked up for the third-straight month in October as higher prices of diesel continued to feed input costs, according to a Dow Jones poll. The wholesale price index, India's main gauge of inflation, likely rose 7.90% in October from a year earlier, compared with September's 7.81% increase, according to the median estimate in a Dow Jones Newswires poll of 17 economists. "We will see inflation (rate) rise due to the second-round impact of the diesel price hike as well as the increase in electricity tariffs," says Nitesh Ranjan, chief economist at Union Bank of India. Diesel is the main transportation fuel in the country and an increase in its price pushes up prices of other commodities as well. The data will be released at 0530 GMT.
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