Current Affairs - Economy - Discussion

India's Wholesale Price Index (WPI)-based inflation surged to a four-month high of 2.36% in October, driven primarily by a sharp increase in food prices. This rise was led by substantial increases in vegetable prices (up 63.04%) and potatoes (78.73%). The WPI inflation rate accelerated from 1.84% in September, aligning with the recent Consumer Price Index (CPI) data that reported a 14-month high in retail inflation at 6.2%. The inflation rate in manufactured products also saw a slight acceleration to 1.5% in October. This significant shift in inflation rates warrants close monitoring of economic trends and policy adjustments.