WPI inflation spikes to 12.54% in October
The Hindu
Wholesale fuel and power inflation shot up to 37.2% in October, from about 25% the previous month, while manufactured products’ inflation hardened to over 12%
Inflation in wholesale prices hit a five-month high of 12.54% in October, rising significantly from 10.66% in September, thanks to a broad-based surge in prices of most commodities led by fuel and power, vegetables and oils as well as chemicals.
Economists reckoned that core wholesale price inflation hit a fresh all time high of 11.9% in October, the seventh month in a row that the headline wholesale inflation print recorded a double-digit spike. October 2020 had recorded an inflation rate of 1.31% in wholesale prices.
Wholesale fuel and power inflation shot up to 37.2% in October, from about 25% the previous month, while manufactured products’ inflation hardened to over 12%.
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