Easing prices of vegetables and pulses helped push down inflation rate to 3.01 per cent but the data does not reflect the rise in crude oil prices, which are yet to be passed on to the consumer.
The wholesale price index (WPI)-based inflation numbers for the week ended November 10 is the second data since the Reserve Bank of India announced measures to absorb excess liquidity from the system on October 30. Inflation rate for the previous week stood at 3.11 per cent, while it stood at 5.39 per cent a year ago.