<p>New Delhi: India’s wholesale price index-based inflation (WPI) declined to a three-month low of 1.89 per cent in November from 2.36 per cent in October, helped by softer increase in prices of food items, especially vegetables, official data showed <br>on Monday.</p>.<p>Wholesale food inflation eased to 8.63 per cent in November from a high of 13.54 per cent in October. Vegetables became costlier by 28.57 per cent year-on-year in November. Potato price in the wholesale market was 82.79 per cent higher when compared with the same month last year.</p>.<p>Although vegetables as well as the overall food inflation remained high, the pace of price rise in these segments was slower when compared with October.</p>.<p>Price of onion, which had surged by 39.3 per cent year-on-year in October, posted a softer increase of 2.85 per cent in November.</p>.<p>On a month-on-month basis prices of food articles declined by 1.83 per cent and that of crude petroleum & natural gas by 0.41 per cent in November, as per data released by the Ministry of Commerce and Industry.</p>.World food prices reach 19-month high in November: UN.<p>“The reduction in food inflation helped in pulling down the wholesale inflation to a three-month low in November 2024. Favorably, the inflation in other major segments such as core, energy and fuel & power remained benign,” said Paras Jasrai, senior economic analyst at India Ratings and Research.</p>.<p>Fuel and power recorded a contraction in prices to the tune of 5.8 per cent in November 2024, the fourth straight decline, while prices for energy and minerals declined by 3.6 per cent.</p>.<p>While the disinflationary trend was visible at a broad-based level, inflation in edible oil accelerated to over a three-year high of 28 per cent in November, largely due to the surge in global prices and low base effect.</p>.<p>Wholesale core inflation increased to a four-month high of 0.5 per cent in November. However, it remained benign due to a sustained decline in metal prices. There was a broad-based uptick in inflation at the sub-sectoral level. Overall, 13 out of the 21 industries within core witnessed a higher inflation in November 2024 compared to the previous month.</p>
<p>New Delhi: India’s wholesale price index-based inflation (WPI) declined to a three-month low of 1.89 per cent in November from 2.36 per cent in October, helped by softer increase in prices of food items, especially vegetables, official data showed <br>on Monday.</p>.<p>Wholesale food inflation eased to 8.63 per cent in November from a high of 13.54 per cent in October. Vegetables became costlier by 28.57 per cent year-on-year in November. Potato price in the wholesale market was 82.79 per cent higher when compared with the same month last year.</p>.<p>Although vegetables as well as the overall food inflation remained high, the pace of price rise in these segments was slower when compared with October.</p>.<p>Price of onion, which had surged by 39.3 per cent year-on-year in October, posted a softer increase of 2.85 per cent in November.</p>.<p>On a month-on-month basis prices of food articles declined by 1.83 per cent and that of crude petroleum & natural gas by 0.41 per cent in November, as per data released by the Ministry of Commerce and Industry.</p>.World food prices reach 19-month high in November: UN.<p>“The reduction in food inflation helped in pulling down the wholesale inflation to a three-month low in November 2024. Favorably, the inflation in other major segments such as core, energy and fuel & power remained benign,” said Paras Jasrai, senior economic analyst at India Ratings and Research.</p>.<p>Fuel and power recorded a contraction in prices to the tune of 5.8 per cent in November 2024, the fourth straight decline, while prices for energy and minerals declined by 3.6 per cent.</p>.<p>While the disinflationary trend was visible at a broad-based level, inflation in edible oil accelerated to over a three-year high of 28 per cent in November, largely due to the surge in global prices and low base effect.</p>.<p>Wholesale core inflation increased to a four-month high of 0.5 per cent in November. However, it remained benign due to a sustained decline in metal prices. There was a broad-based uptick in inflation at the sub-sectoral level. Overall, 13 out of the 21 industries within core witnessed a higher inflation in November 2024 compared to the previous month.</p>