Business

WPI Inflation Touches 8 Months High Of 3.93% In November

SHAHNAWAZ | 1
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| December 14 , 2017 , 16:04 IST

India’s inflation based on wholesale price index jumped to 3.93 percent owing to a sharp rise in food and fuel prices.

According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, stood at 3.93 per cent (provisional) for the month of November 2017 as compared to 3.59 per cent (provisional) for the previous month and 1.82 per cent during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.74% compared to a build up rate of 3.90% in the corresponding period of the previous year.

Onions saw a whopping 178.19% rise in inflation last month on annual basis. Seasonal vegetables saw a 59.80% jump in the rate of price rise.

On a sequential basis, the expenses on primary articles, which constitute 22.62 per cent of the WPI's total weightage, edged higher by 5.28 per cent, from an increase of 3.33 per cent in October.

For manufactured goods there was not much of a difference as compared to last month.

Protein-rich eggs, meat and fish as a category, however, grew at a slower pace of 4.73% during the month, against 5.76% in preceding month. WPI inflation of food articles increased to 6.06% last month, as against 4.30% in October, as per the data released by the Commerce Ministry.

Retail inflation, based on Consumer Price Index (CPI), hit a 15-month high of 4.88% in November, as per the data released last week.