WPI inflation hits 4-month high

Inflation-based on wholesale prices spiked to a four-month high of 5.3% in October mainly due to rise in fuel prices, but the RBI is likely to maintain status quo in its next monetary policy review as crude prices and currency are stabilising. The Wholesale Price Index-based inflation stood at 5.1% in September and 3.7% in October last year. Food articles witnessed softening of prices with deflation at 1.5% in October, against 0.2% in September.

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