Wholesale inflation grows 3.15% in November

The wholesale price index (WPI) or wholesale inflation stood at 3.15% for the month of November as compared to 3.39% in October and -2.04% during the same period last year, said Ministry of Commerce and Industry on Wednesday.

The official WPI for ‘All Commodities’ for the month of November, 2016 rose by 0.1% to 183.1 (provisional) from 182.9 (provisional) for the previous month. 

Build up inflation rate in the financial year so far was 4.45% compared to a build up rate of 0.80% in the corresponding period of the previous year, the Ministry said.

The index for Primary articles declined by 0.9% to 259.4 (provisional) from 261.8 (provisional) for the previous month. 

source: tradingeconomics.com

The index for fuel and power group rose by 1.8% to 190.7 (provisional) from 187.3 (provisional) for the previous month due to higher price of aviation turbine fuel (9%), bitumen (6%), furnace oil and high speed diesel (3% each), kerosene and LPG (2% each) and petrol (1%).

The index for Manufactured products rose by 0.3% to 157.9 (provisional) from 157.4 (provisional) for the previous month.