India’s wholesale inflation surges to 1.55% in November

14 Dec 2020 Evaluate

India’s inflation based on wholesale price index (WPI) surged to 1.55% (provisional) for the month of November 2020 as compared to 0.58% during the corresponding month of the previous year. Component wise, primary articles index having weight of 22.62%, declined by (-0.79%) to 151.2 (provisional) in November 2020 from 152.4 (provisional) for the month of October 2020. Prices of Non-food Articles increased in November 2020 as compared to October 2020, while prices of Minerals, Crude Petroleum & Natural Gas and Food Articles declined in November 2020 as compared to October 2020.

Fuel & Power index, having weight of 13.15%, increased by (0.22%) to 91.3 (provisional) in November 2020 from 91.1 (provisional) for the month of October 2020. Prices of Mineral Oils and Coal increased in November 2020 as compared to October 2020, while prices of electricity remain unchanged.

Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by (0.83%) to 121.3 (provisional) in November 2020 from 120.3 (provisional) for the month of October 2020. Meanwhile, for the month of September 2020 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 122.9 and 1.32% respectively.

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