Crisil core inflation tracker: WPI rises further in November to 3.9%

Inflation based on WPI spurted further in November to 3.9 per cent, up from 3.6 per cent in October. The pick-up was driven by higher food inflation (especially vegetables), and a mild uptick in core inflation. Fuel inflation dipped, while manufactured products’ inflation stayed unchanged.
 

With this, WPI inflation has climbed nearly 300 basis points from its lowest point 0.9 per cent reached in June, due to higher inflation in food and fuel. Low-base effect and a sustained pick-up in vegetables prices have driven food inflation up, while fuel inflation has risen because of a surge in