New Delhi: After an appalling retail inflation rates released on Thursday, as expected, inflation data as per the wholesale price index (WPI) for the month of November are equally disappointing. Inflation has leapt at wholesale level by 52 basis points (bps). The figure released by the Press Information Bureau on Monday sees the WPI resting at 7.52%.
CPI data on Thursday had indicated in advance the gloomy picture of wholesale market. It was evident that wholesale inflation data is going to be as poor. While WPI for the month of October settled down at 7%, staggeringly, WPI figure for the month of September has been revised to 7.05% from earlier 6.46%.
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CPI data on Thursday had indicated in advance the gloomy picture of wholesale market. It was evident that wholesale inflation data is going to be as poor. While WPI for the month of October settled down at 7%, staggeringly, WPI figure for the month of September has been revised to 7.05% from earlier 6.46%.
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