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More bad news for the Indian economy: Inflation at 14-month high

Last updated on: December 16, 2013 16:04 IST

More bad news for the Indian economy: Inflation at 14-month high

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Rajesh Kumar Singh in New Delhi

India's headline inflation surged past analysts' expectations to a 14-month high of 7.52 per cent in November, government data showed on Monday, after food prices rose at the fastest clip since June 2010.

InflationThe wholesale price index's annual rise compared with a 7 per cent jump forecast by economists in a Reuters poll.

In October, wholesale prices, India's main inflation measure, rose 7 per cent.

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Image: A vendor sells vegetables at a market in Mumbai.
Photographs: Rupak De Chowdhuri/Reuters

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More bad news for the Indian economy: Inflation at 14-month high

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The reading for September headline inflation was revised to 7.05 per cent from 6.46 per cent.

Inflation graphFood prices rose 19.93 per cent year-on-year in November, faster than an annual rise of 18.19 per cent in October.

Sharply higher food prices drove up retail inflation to 11.24 per cent, its highest on record, last month, government data showed last week.

 


Image: A fruit seller waits for customers at his stall at a wholesale market in Mumbai.
Photographs: Vivek Praksh/Reuters
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