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India's economic woes far from over: Headline inflation at 8-month high

Last updated on: November 14, 2013 14:23 IST

InflationIndia's headline inflation accelerated to an eight-month high of 7.0 per cent in October, mainly driven by higher fuel and manufactured goods prices, government data showed on Thursday.

The wholesale price index's annual rise compared with a 6.90 per cent rise estimated by analysts in a Reuters poll. Wholesale prices, India's main inflation measure, had risen 6.46 per cent in September.

Food prices rose 18.19 per cent year-on-year in October, slower than an annual rise of 18.4 per cent in September.

The WPI inflation reading for August was revised to 6.99 per cent from 6.1 per cent.

Manoj Kumar in New Delhi
Source:
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