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Monday, Jun 9, 2025
The WPI for November was 5.85% year-on-year, government data showed on Wednesday, lower than a Reuters analysts' average forecast of 6.50% and 8.39% recorded in the previous month.
In a tweet, the finance ministry said the steps taken by the government has helped in bringing inflation below the RBI's tolerance level.
Since April 2021, WPI inflation remained in double digits for 18 months with September print at 10.79 per cent.
RBI will discuss its first ever inflation target miss, which will require it to write a letter to the government.
The decision to bring the items from Andhra was taken after a meeting between GR Anil and his Andhra counterpart K V Nageswara Rao.
In India, the retail inflation rose to 7.41% September.
September is the 18th consecutive month of double-digit WPI inflation.
It is for the ninth month in a row that retail inflation has remained above the Reserve Bank of India's upper tolerance level of 6 per cent.
The inflation related to food articles went up to 7.62 % in August from 6.69 % in July.
Despite the marginal drop, the CPI is still over the 6% upper limit set by the RBI.
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