<p>India’s wholesale price inflation (WPI) came down to zero per cent in November backed by a significant ease in food and fuel prices. The rise in prices in November was at its lowest level since July 2009.<br /><br /></p>.<p>As per the data released by the government on Monday, food inflation fell 0.63 per cent with vegetables contributing the most. Vegetable prices slipped 30 per cent year-on-year in November owing to a high base effect.<br /><br />Manufacturing products inflation fell to 2.04 per cent from 2.43 per cent in October. The fuel and power group, which has 15 per cent weightage on the index, declined by a whopping 5.4 per cent month-on-month due to lower crude prices.<br /><br />WPI inflation was 7.52 per cent in November 2013. The ease in prices saw raised pitch for interest rate cut by the Reserve Bank of India.</p>
<p>India’s wholesale price inflation (WPI) came down to zero per cent in November backed by a significant ease in food and fuel prices. The rise in prices in November was at its lowest level since July 2009.<br /><br /></p>.<p>As per the data released by the government on Monday, food inflation fell 0.63 per cent with vegetables contributing the most. Vegetable prices slipped 30 per cent year-on-year in November owing to a high base effect.<br /><br />Manufacturing products inflation fell to 2.04 per cent from 2.43 per cent in October. The fuel and power group, which has 15 per cent weightage on the index, declined by a whopping 5.4 per cent month-on-month due to lower crude prices.<br /><br />WPI inflation was 7.52 per cent in November 2013. The ease in prices saw raised pitch for interest rate cut by the Reserve Bank of India.</p>
