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India’s wholesale inflation eases to 5.85% in November

14 Dec 2022 Evaluate

India’s inflation based on wholesale price index (WPI) eased further to 5.85% in the month of November 2022 as against 8.39% recorded in October 2022, primarily contributed by fall in prices of food articles, basic metals, textiles, chemicals & chemical products and paper & paper products as compared to the corresponding month of the previous year. The wholesale inflation was 10.70% in September 2022.

The Component wise, primary articles index, having weight of 22.62%, declined by 1.82% to 177.7 (provisional) in November 2022 from 181.0 (provisional) for the month of October 2022. Prices of Minerals, Crude Petroleum & Natural Gas and Non-food Articles increased in November 2022 as compared to October 2022. But, prices of Food Articles declined in November 2022 as compared to October 2022.

Fuel & Power index, having weight of 13.15%, increased by 2.84% to 159.6 (provisional) in November 2022 from 155.2 (provisional) for the month of October 2022. Prices of Mineral Oils and Electricity increased in November 2022 as compared to October 2022.

Besides, Manufactured Products constituting the major portion of the index with weight of 64.23%, declined by 0.28% to 141.5 (provisional) in November 2022 from 141.9 (provisional) for the month of October 2022. Meanwhile, for the month of September 2022 the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011- 12=100) stood at 151.9 and 10.55% respectively.

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