Wholesale inflation at 4-month high of 2.4% in October

India’s wholesale price inflation surged to a four-month high of 2.4% in October, driven by a sharp rise in food prices, particularly vegetables. Vegetable prices witnessed a significant year-on-year increase of 63%, while potato prices skyrocketed by 78.7%. This surge in food inflation poses a challenge for policymakers tackling persistent price pressures.