Wholesale inflation back in positive zone after seven months, at 0.26 pc in Nov
PTI, Dec 14, 2023, 12:33 PM IST
Wholesale price-based inflation rose at the fastest pace in eight months at 0.26 per cent in November mainly due to a sharp rise in food prices.
The WPI inflation was in the negative zone for the past seven months and was at (-) 0.52 per cent in October.
”Positive rate of inflation in November, 2023 is primarily due to increase in prices of food articles, minerals, machinery & equipment, computer, electronics & optical products, motor vehicles, other transport equipment and other manufacturing etc,” the Commerce and Industry Ministry said in a statement.
Food inflation rose to 8.18 per cent in November, from 2.53 per cent in October.
Official data released earlier this week showed retail or consumer price based inflation rising at its fastest pace in three months at 5.55 per cent in November, driven by spike in food prices.
The Reserve Bank in its bi-monthly monetary policy last week, held interest rates steady and flagged risks of rising food inflation in November and December.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sensex reclaims 80k mark; Nifty surges over 1% after BJP-led Mahayuti’s win in Maharashtra
Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years
Choose correct ITR to report foreign assets; 2 lakh such returns filed: CBDT official
Air India Express increases flight operations from northeast destinations
Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle
MUST WATCH
Latest Additions
Wanted to kill Ajmal Kasab who caused so much of pain, recalls 26/11 terror attack victim
Two retired revenue officials among four arrested in land grabbing case in Jammu
Kerala govt to revise manual for junior doctors, house surgeons
State can interfere with religious practices if they impede development, equality rights: SC
Four cheers at MP’s Kuno park; cheetah Neerva gives birth to cub quartet
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.