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WPI Inflation Cools To 3-Month Low Of 4.64%

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The wholesale price based inflation has softened a bit to 3-month low of 4.64% for the month of November owing to lowering of prices primarily in food articles that include vegetables. In the previous month, WPI inflation came in at 5.28% while in the same month last year, it stood at 4.02%.

WPI Inflation Cools To 3-Month Low Of 4.64%
 

Food articles also showed a deflation in price of 3.31% in comparison to just 1.49% in the last month. Vegetables also softened in prices from deflation at 26.98% in comparison to just 18.65% decrease in prices in October.

Fuel and power inflation stood higher at 16.28% but was indeed lower in comparison to 18.44 inflation recorded for the previous month. All, products in the category witnessed a substantial decrease in price including LPG, petrol and diesel.

Among food items, potato increase in price by 86.45% while onion recorded a deflation of 47.60% and the same has been in the case of pulses at 5.42%.

In the month of August, WPI inflation stood lower at 4.62%.

CPI or retail inflation for the month stood at 2.33 per cent for November. Primarily, while deciding monetary policy outcome, the RBI takes into account consumer price index based inflation.

Goodreturns.in

Story first published: Friday, December 14, 2018, 14:22 [IST]
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