International News Network
India’s annual wholesale price inflation accelerated in November to an eight-month high, driven by faster rises in prices of food and fuel products, government data showed on Thursday. Annual wholesale price inflation last month increased to 3.93 percent from a year earlier, from a provisional 3.59 percent rise in October. The rise compares with a 3.78 percent increase forecast by economists in a Reuters poll. Wholesale food prices in November rose 4.10 percent year-on-year, compared with a 3.23 percent rise a month earlier, the data showed.