Wholesale Price Index-based inflation in November eased to 1.89 per cent in November, as against 2.36 per cent in October.
The Wholesale Price Index (WPI)-based inflation in November eased to a three-month low of 1.89 per cent in November 2024, as against 2.36 per cent in October, according to the official data released on Monday. The fall in WPI inflation comes as prices of food items, especially vegetables, turned cheaper in November.
Read More: Maggi Prices To Increase After January 1 In India? Find Out Reason Here
The wholesale inflation had stood at 0.39 per cent in November last year.
“The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 1.89% (Provisional) for the month of November 2024 (over November 2023),” the Ministry of Commerce & Industry said in a statement.
Read More: Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On December 16
As per the data, inflation in food items eased to 8.63 per cent in November, as against 13.54 per cent in October. The decline was led by a dip in vegetable inflation which stood at 28.57 per cent, as against 63.04 per cent in October.
Inflation in potato, however, continued to be high at 82.79 per cent, while in onion it fell sharply to 2.85 per cent in November.
The fuel and power category witnessed a deflation of 5.83 per cent in November, against a deflation of 5.79 per cent in October. In manufactured items, inflation was 2 per cent in November, against 1.50 per cent in October.
Last week, the data on retail inflation, based on the Consumer Price Index (CPI), also showed an easing to 5.48 per cent in November, compared with 6.21 per cent a month ago.
(With PTI Inputs)
