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WPI inflation surges to 14-month high of 7.52 pc in November

WPI inflation surges to 14-month high of 7.52 pc in November

Food prices rose 19.93 per cent year-on-year in November, faster than an annual rise of 18.19 per cent in October, and fastest since June 2010. Headline inflation was 7 per cent in October.

PHOTO: Reuters PHOTO: Reuters
Headline inflation surged past analysts' expectations to a 14-month high of 7.52 per cent in November after food prices rose at the fastest clip since June 2010.

According to the government data released on Monday, wholesale price index's (WPI) annual rise compared with a 7 per cent jump forecast by economists in a Reuters poll.

In October, wholesale prices, India's main inflation measure, rose 7 per cent. The reading for September headline inflation was revised to 7.05 per cent from 6.46 per cent.

Food prices rose 19.93 per cent year-on-year in November, faster than an annual rise of 18.19 per cent in October.

Sharply higher food prices already drove up retail inflation in November to 11.24 per cent, its highest on record.

Published on: Dec 16, 2013, 12:40 PM IST
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