October WPI inflation accelerates to five-month high of 12.54% y/y

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India’s annual wholesale price-based inflation in October accelerated to a five-month high of 12.54% from the previous month’s 10.66%, pushed up by higher increases in fuel and manufacturing prices, the government data showed on Monday.

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Fuel and power prices rose 37.18% in October year-on-year compared with 24.81% in September, while manufactured product prices rose 12.04% compared with 11.41% in the previous month.


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