WPI inflation falls to 4.64% in November on easing food, petro prices

TIL Desk/Business/New Delhi/India’s wholesale inflation fell to a three-month low of 4.64 per cent in November,driven down by decline in prices of food articles, especially vegetables, and some easing in rates of petro products.

The Wholesale Price Index-based inflation was 5.28 per cent in October and 4.02 percent in November last year. Food articles witnessed softening of prices with deflation at 3.31 per cent in November, against 1.49 per cent in October,government data released Friday showed.

Vegetables, too, became cheaper with deflation at 26.98 per cent in November, compared to 18.65 per cent in the previous month. Inflation in the ‘fuel and power’ basket in November continued to rule high at 16.28 per cent, but was lower than 18.44 per cent in October.  This was on account of lowering of prices of petrol and diesel, following a decline in global crude oil prices.