Business

WPI Eases To Three Month Low As Food Prices Fall

The country’s wholesale price index contracted to 8.63 percent and reached a three-month low providing coveted ease. The ease of 1.89 percent is attributed to the fall in price of food items, especially vegetables.

The data the Ministry of Commerce and Industry shared revealed that WPI registered a decline to 8.63 in November from 13.54 in October owing to price relief in vegetables. Data suggest that vegetable prices stood at 28.57 percent in November against 63. 04 percent in October. Onion has registered a fall of 2.85 percent in price in November.

Also Read: Government Disburses Rs 13,422 Crore In Loans To Street Vendors Under PM SVANidhi Scheme

The fuel and power category saw a deeper deflation of 5.83% in November, slightly higher than the 5.79% recorded in October.

In contrast, inflation in the manufactured products category rose to 2% in November, up from 1.50% in October.

According to a ministry statement, “The positive inflation rate in November 2024 is mainly due to rising prices of food articles, food products, other manufacturing items, textiles, machinery, and equipment.”

Retail inflation, measured by the Consumer Price Index (CPI), dropped to 5.48% in November, falling within the Reserve Bank of India’s (RBI) tolerance band. This is a decline from the 14-month peak of 6.21% in October, sparking optimism for a possible policy rate cut during the RBI’s February review.

Shibra Arshad

Recent Posts

Maha Kumbh 2025: A Historic Chapter In Women’s Empowerment

Under Chief Minister Yogi Adityanath, the Maha Kumbh is set to make history as a…

7 hours ago

Ravi Kishan Praises Maha Kumbh; Urges Citizens To Take A Holy Dip

On Friday, Ravi Kishan, Member of Parliament from Gorakhpur and Bollywood superstar, took a holy…

8 hours ago

Maha Kumbh: A Spiritual Festival Boosting Prayagraj’s Economy

The ongoing Maha Kumbh in Prayagraj has drawn over 7 crore devotees to the Triveni…

8 hours ago

Maha Kumbh 2025: A Celebration Of Unity, Equality, And Harmony

Under CM Yogi Adityanath, the Maha Kumbh at Prayagraj's Sangam celebrates unity, equality, and the…

8 hours ago

Kumar Vishwas To Present Musical Ram Katha ‘Apne Apne Ram’ During Maha Kumbh-2025

During the ongoing Maha Kumbh-2025 in Prayagraj, renowned poet Kumar Vishwas will captivate devotees with…

10 hours ago

Gautam Buddh Nagar Police Launches Winter Relief Initiative

Gautam Buddh Nagar Police, with HCL Foundation and CHETNA, launched a winter relief program on…

11 hours ago