Wholesale inflation surges to 14.23% in November

Producers’ inflation based on the Wholesale Price Index (WPI) has reached an all-time high in the current series at 14.23 per cent in November. This is the eighth successive month of double digits WPI (mainly due to the hardening of prices of mineral oils, basic metals, crude petroleum and natural gas). Wholesale Price-based Index (WPI) inflation base year is 2011-12. Also, the spike is highest since April 2005.

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