WPI inflation rises to 4-month high of 2.36 % in October, driven by food price index spike to 11.59%

India's wholesale price inflation accelerated to a four-month high of 2.36% in October, driven by surging food prices, particularly vegetables. While fuel and power costs declined, food inflation soared to 11.59%, impacting potatoes and onions significantly. This surge follows a similar trend in retail inflation, posing potential challenges for the Reserve Bank of India's monetary policy stance.

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/E28cxZm