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Is the 12.5 percent rise in the wholesale price index in October reason for worry? Or is the 4.48 percent rise in the consumer price index, which is just a bit above the RBI’s 4 percent target, an indication that all is well? The point about the October CPI print is that consumer price inflation went up despite a very favourable base effect. The price index had gone up sharply between September and October last year, which should have pushed...