 "WPI inflation hits record high of 14.23%, raises retail inflation fears")
Higher food and fuel prices pushed the wholesale price inflation (WPI) rate to a record high in November, raising fears that this may translate into elevated retail inflation in coming months as well.
The data released by the industry department showed the WPI-based inflation rate had galloped to 14.23 per cent in November from 12.54 per cent a month earlier as the food inflation rate (4.88 per cent) turned positive while that for fuel inflation rose to 39.81 per cent on comparatively high petroleum prices.
This is the highest WPI rate in the 2011-12 series with wholesale price inflation remaining in double
