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.