India’s WPI inflation touches six-month high in October
Tue Nov 14 2017
Rajesh Sharma (2002 articles)

India’s WPI inflation touches six-month high in October

NEW DELHI (Reuters) – India’s annual wholesale price inflation picked up in October to a six-month high, driven by faster rises in prices of food and fuel products, government data showed on Tuesday.

India’s annual wholesale price inflation last month increased to 3.59 percent from a year earlier from a provisional 2.60 percent in September.

The rise compares with a 3.01 percent increase forecast by economists in a Reuters poll.

Wholesale food prices in October rose 3.23 percent year-on-year, compared with a 1.99 percent rise a month earlier, the data showed.

 

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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