India's November wholesale inflation eases to 21-month low of 5.85%

WPI-based inflation remained below the double-digit mark for second consecutive month in November

India's annual wholesale price-based inflation (WPI) eased in November to a 21-month low of 5.85 per cent year-on-year (YoY) as food prices moderated, government data showed on Wednesday. In October, the WPI-based inflation was 8.39 per cent. 

It is for the second consecutive month that the WPI inflation has stayed below the double-digit mark. Before October, it was above 10 per cent for 18 straight months since April 2021.

In November 2021, the WPI-based inflation was 14.87 per cent. 

"Decline in the rate of inflation in November 2022 is primarily contributed by fall in prices of food articles, basic metals,