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According to the official data released by the Commerce and Industry Ministry, wholesale inflation climbed to a 5-month high of how much per cent in October 2021?

According to the official data released by the Commerce and Industry Ministry, wholesale inflation climbed to a 5-month high of how much per cent in October 2021? Correct Answer 12.54

The correct answer is 12.54%.

Key Points

  • Wholesale inflation climbed to a 5-month high of 12.54% in October 2021 on the back of a rise in prices of fuel and power, vegetable oils, and chemicals, according to the official data released by the Commerce and Industry Ministry.
  • This is the 7th consecutive month in which wholesale inflation has stayed in double digits.
  • Wholesale fuel and power inflation accelerated to 37.18% in October.

Important Points

  • ​Retail inflation, tracked by the RBI, accelerated to 4.48% in October from 4.35% in September.
  • The latest data showed wholesale inflation in manufactured products, the biggest category in the WPI index, climbed 12.04% in October, compared with a rise of 11.41% in September.
  • According to the WPI data, fuel and power inflation surged 37.2% in October against a 24.8% rise in September.

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