Inflation soars to 7 month high, hits 6.46 percent - NewsX

India's wholesale price inflation accelerated to a seven-month high in September pressured by high food and fuel prices, increasing the chance that the central bank may raise interest rates later this month despite weakening economic growth.

The wholesale price index, the country's main inflation gauge, rose 6.46% from a year earlier, compared with August's 6.10% increase, according to data released Monday by the Ministry of Commerce and Industry.



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