WPI inflation rises to 4-month high of 2.36 % in October, driven by food price index spike to 11.59%
Thursday, 14 November 2024 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.
UK inflation has risen to its highest level since April driven by an increase in household energy bills, according to official figures.
The Office for National Statistics (ONS) said Consumer Prices..
India's wholesale price inflation surged to a four-month high of 2.4% in October, driven by a sharp rise in food prices, particularly vegetables. Vegetable... IndiaTimes
Thursday, 14 November 2024
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