India’s wholesale price inflation, or WPI, remained below zero in November, though the pace of decline eased compared with the previous month. WPI inflation stood at -0.32% in November, easing from -1.21% in October, according to data released on Monday.
Core WPI inflation, which excludes food and fuel, was steady at 1.5%, unchanged from October. The softer deflation was led by a narrower contraction in primary articles and food prices.
Within components, fuel and power inflation came in at -2.27%, marginally higher than -2.55% in October. Manufactured products inflation eased to 1.33% from 1.54%, indicating some cooling in prices.
Primary articles inflation increased sharply to -2.93% from -6.18% in October, while food inflation stood at -2.60% compared with -5.04% a month earlier.
Meanwhile, September WPI inflation was revised upward to 0.19% from the provisional estimate of 0.13%.
(This is a developing story and will be updated shortly.)
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