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India's WPI inflation hits eight-month high of 3.93% in November on rising food, fuel prices

The data shows a 34 percentage point increase as compared to 3.59% WPI inflation for October and 1.82% during the corresponding month of the previous year.

Reported by: Agencies, New Delhi [ Updated: December 14, 2017 13:23 IST ]
WPI inflation stood at 3.93 in November, up from 3.59% for
WPI inflation stood at 3.93 in November, up from 3.59% for the previous month and 1.82 per cent during the corresponding month of the previous year.

An exponential rise in food and fuel prices pushed India's annual rate of inflation based on wholesale prices to 3.93 per cent for November, official data showed on Thursday.

India's annual rate of inflation based on wholesale prices stood at 3.93 per cent for the month of November, official data showed here on Thursday.

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.

The data show a 34 percentage point increase 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.

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.

The prices of food articles rose by 6.06 per cent from an acceleration of 4.30 per cent in October.

In terms of food prices, the YoY (Year-over-year) wholesale inflation rate for onion was higher by 178.19 per cent, whereas for potatoes it plunged by (-)40.73 per cent.

In contrast, the overall vegetable prices in November rose by 59.80 per cent, against a fall of (-)17.31 per cent in the same month a year ago.

As per data, wheat became cheaper by (-)5.75 per cent on YoY basis and the prices of pulses came down by (-)35.48 per cent, but paddy became dearer by 2.90 per cent.

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