Wholesale inflation stood at 0.58% in November

The annual rate of inflation, based on monthly WPI, stood at 0.58% (provisional) for the month of November 2019 (over November 2018) as compared to 0.16% (provisional) for the previous month.

New Delhi: Wholesale prices based inflation rose to 0.58 per cent in November, as against 0.16 per cent in October due to increase in prices of food articles.

The annual inflation, based on the monthly wholesale price index (WPI), was at 4.47 per cent during the same month a year ago (November 2018).

Source: Ministry of Commerce and Industry

The rate of price rise for food articles rose to 11 per cent during the month as against 9.80 a month earlier, while for non-food articles it eased 1.93 per cent from 2.35 per cent in October, showed the data released by the Ministry of Commerce and Industry on Monday.

For manufactured products, the wholesale inflation remained static (-)0.84 per cent during the month under review.

The consumer price index-based retail inflation, as per data released last week, spiked to over a 3-year high of 5.54 per cent in November due to costlier food products like vegetables, pulses and protein-rich items.

Onion price increased by 172.30 per cent in November while it was at 119.84 per cent during October 2019. Overall, vegetable prices in November rose 45.32 per cent against a rise of 38.91 per cent.

However, the cost of fuel and power, which commands 13.15 per cent weightage, deflated by (-)7.32 per cent from a decline of (-)8.27 per cent.