Inflation of Wholesale Price Index (WPI) stands at 0.58% in November: Report

The annual rate of inflation based on the monthly wholesale price index (WPI) stood at 0.58% in November against 0.16% in the previous month.

The official WPI for all commodities (base 2011-12=100) for November rose by 0.10% to 122.3 from 22.2 for the previous month, according to an official statement released by the Ministry of Commerce and Industry.

“The annual rate of inflation based on monthly WPI stood at 0.58% for November (over November 2018) as compared to 0.16% for the previous month and 4.47% during the corresponding month of previous year,” it said.

“Build-up inflation rate in the financial year so far was 2% compared to a build-up rate of 4.56% in the corresponding period of previous year, the statement added.

The index for manufactured products with a weightage of 64.23% declined by 0.1% to 117.8 from 117.9 in October.

The index for primary articles with a weightage of 22.62% rose by 0.9% to 147.3 from 146 for the previous month.

Significantly, the rate of inflation based on WPI food index increased from 7.65% in October to 9.02% in November.

The index for fuel and power with a weightage of 13.15% declined by 0.8% to 101.3 from 102.1 in October.

(With ANI Inputs)

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