WPI Inflation at 8-month High of 3.93% in November

Inflation based on the Wholesale Price Index (WPI) accelerated to an eight-month high of 3.93% in November, from 3.59% in October. Data released showed that retail inflation unexpectedly jumped to a 15-month high of 4.88% in November, and industrial production slowed to 2.2% in October.

WPI-based inflation rose mainly on account of a sharp increase in fuel and food prices, according to data released by the commerce ministry. While fuel price index rose by 8.8%, food prices index rose 6.06%.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
  • Finance Minister of India- Arun Jaitley.
Source- Firstpost

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