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November WPI inflation rises to 14-month high of 7.52%

New Delhi, Dec 16 (PTI): Costly vegetables, particularly potatoes and onions, pushed the November wholesale inflation to a 14-month high of 7.52 per cent.

Vegetable prices shot up by 95.25 per cent in November as compared to 78.38 per cent in the previous month, according to the wholesale price index (WPI) inflation data released Monday.

The overall inflation in the food segment --- consisting of wheat, pulses, vegetables, milk, among others -- was at 19.93 per cent, up from 18.19 per cent in October.

The rise in WPI comes after the retail or consumer price inflation jumped to 11.24 per cent.

WPI inflation was at 7 per cent in October and 7.05 per cent in the earlier month (revised upwards from 6.46 per cent).

Potato prices shot up by 26.71 per cent in November as compared to a contraction in the previous month. Onions were also costlier, but the price rise was low as compared to October. Onion inflation was at 190.34 per cent in November.

The data revealed that protein rich items such as eggs, meat and fish were costlier by 15.19 per cent while milk was dearer by 6.25 per cent in November.

The inflation in fuel and power segment was at 11.08 per cent in the month under review, up from 10.33 per cent in October.

The price rise in the manufactured products rose to 2.64 per cent from 2.50 per cent.

The WPI inflation for November 2013 is the highest since September 2012 when it was 8.1 per cent.

Amid slowing industrial production, the RBI is scheduled to review the monetary policy on December 18.

It had increased the key lending rate by a quarter of a percentage point in each of its previous two policy reviews to contain inflation.

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