Inflation rises to 9.73 per cent in October

Daryneyan

Editor

posted on 13 years ago — updated on 1 second ago

72
views

The Reserve Bank of India (RBI) has raised interest rates 13 times since early 2010 to combat high inflation.

New Delhi: India's wholesale price index (WPI) rose 9.73 per cent in October from a year earlier, government data showed on Monday. The figure was higher than the median forecast for a 9.61 per cent rise in a Reuters poll.

The WPI is more closely watched than the consumer price index (CPI) in India as it covers a higher number of products.

The Reserve Bank of India (RBI) has raised interest rates 13 times since early 2010 to combat high inflation and a deputy governor has said that rates may have peaked.