NEW DELHI: Wholesale Price Inflation increased in November after remaining in the negative zone for the last seven months, largely due to a rise in the prices of some foods and vegetables.
Data released by the Ministry of Commerce and Industry on Thursday showed inflation, measured by wholesale price(WPI), rose 0.3% annually in November, up from a 0.5% contraction in October. The positive inflation rate in November was mainly due to the increase in prices of food items, minerals, machinery and equipment, IT, electronics and optical products, motor vehicles, other transport equipment and other industries, according to the ministry.

The group of food articles rose 8.2% in November, above the 1.5% in the same year, in the previous month. Vegetable prices rose 10.4% during the month, after contracting 20.1% in November last year. Onion inflation rose 101.2% during the month, after falling 19.3% in November last year.
The latest data showed that retail inflation, as measured by the consumer price index (CPI), rose 5.6% in November, up from 4.9% in October but slightly lower than the 5.9% recorded in November 2022. “We expect upward trend in domestic food prices as well as an unfavorable base to lift annual WPI inflation to 1.5-1.7% in December,” rating agency ICRA said.



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