Wholesale price inflation in November at 8-month high of 3.93% on rising food and fuel prices
Rise in whole price inflation in November compares with a 3.78 percent increase forecast by economists in a Reuters poll
New Delhi: India’s annual wholesale price inflation accelerated in November to an eight-month high, driven by faster rises in prices of food and fuel products, government data showed on Thursday.
Annual wholesale price inflation last month increased to 3.93 percent from a year earlier, from a provisional 3.59 percent rise in October.
The rise compares with a 3.78 percent increase forecast by economists in a Reuters poll.
Wholesale food prices in November rose 4.10 percent year-on-year, compared with a 3.23 percent rise a month earlier, the data showed.
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