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India’s WPI inflation hits five-month high of 12.54pc

India’s WPI inflation hits five-month high of 12.54pc

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NEW DELHI: The wholesale price inflation jumped to a five-month high of 12.54 per cent in the festival month of October against 10.66 per cent in the previous month as the rate of price rise in raw materials showed an upswing.

As demand is recovering now, industry is likely to pass on the higher costs to consumers which may reflect on retail price inflation, experts said. In fact, the widely-tracked non-food , non-oil inflation, called core inflation in technical jargon, rose to a fresh all-time high of 11.9 per cent in October, report agencies.