Wholesale inflation back in positive zone after 7 months, at 0.26% in November
The Hindu
November 2023 WPI inflation rises to 0.26%, driven by 8.18% food inflation & other commodities.
After seven months of deflation, India’s wholesale prices rose 0.26% in November compared to a -0.52% rate in October.
The Commerce and Industry Ministry attributed the uptick primarily to an increase in prices of food articles, minerals, machinery & equipment, computer, electronics & optical products, motor vehicles, other transport equipment and other manufactured goods.
Wholesale food prices rose 4.7% in November compared to just 1.07% in the previous month, and were up 2% on a month-on-month basis.
Prices of primary articles rose 4.8% in November from 1.8% in October, while fuel and power prices were 4.6% lower than November last year.
Manufactured products’ prices remained in deflation thought at the slightest rate since at least three months, declining 0.64% from November 2022 levels. Compared to October though, they were higher by 0.07%.
Within primary articles, food articles’ prices were up a sharp 8.2% with paddy and vegetables up 10.44%, pulses rising 21.64%, onions up 101.24%, milk 8% and fruits 8.4%.
While cereals inflation stood at 7.12% compared to almost 13% a year ago, wheat prices were up 2.55% from 18.1% last November.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.