Wholesale Price Inflation At Three Month Low

The official Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) for the month of November, 2018 rose by 0.1% to 121.8 (provisional) from 121.7 (provisional) for the previous month. The annual rate of inflation, based on monthly WPI, stood at 4.64% (provisional) for the month of November, 2018 (over November, 2017) as compared to 5.28% (provisional) for the previous month and 4.02% during the corresponding month of the previous year. The current level is lowest in last three months. Build up inflation rate in the financial year so far was 4.73% compared to a build up rate of 2.83% in the corresponding period of the previous year.

The index for primary articles group rose by 0.7% to 137.2 from 136.3 for the previous month. The index for fuel and power group declined by 1% to 110.0 from 111.1 for the previous month. The index for manufactured product group remained unchanged at its previous month level of 118.8.

The rate of inflation based on wholesale food price index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group decreased from -0.64% in October, 2018 to -1.96% in November, 2018.

For the month of September, 2018, the final Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) stood at 120.9 as compared to 120.8 (provisional) and annual rate of inflation based on final index stood at 5.22% as compared to 5.13% respectively as reported on 15.10.2018.

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