The Inflation in India reached 7.52 percent, the highest in 14 months since September 2012. The official data based on wholesale price index showed high inflation in November 2013 as compared to October 2013.
The overall inflation in the food segment comprising wheat, pulses, vegetables and milk among others was 19.93 percent in November 2013. This was higher than the 18.19 percent rise in October 2013.
Vegetables price especially the prices of Onion and Potatoes has sustained inflation at such high levels. Besides, protein rich items such as egg, meat and fish also became costlier by 15.19 percent.
Inflation in fuel and power segment was at 11.08 percent and in manufactured products inflation rose to 2.64 from 2.50 percent.
This is the last data before the RBI’s monetary policy review on 18 December 2013.
• Wholesale Price Indexes (WPIs) is an index that measures and tracks the changes in price of goods before the retail level.
• WPI is measured on the monthly basis.
• Consumer Price Index is a measure that examines the weighted average of prices of a basket of consumer goods and service such as transportation, food and medical care etc.,
• This is also called head line inflation. CPI is released monthly by the Bureau of Labor Statistics.
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