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Wholesale prices at 8-month high in Nov
Mint Mumbai
|December 15, 2023
India's wholesale inflation reached an eight-month high in November, driven by prices of food and other key commodities, after contracting since the beginning of this financial year.
The wholesale price index (WPI) stood at 0.26% in November, after contracting 0.52% in October, according to data released by the ministry of commerce and industry on Thursday.
A year ago, wholesale inflation was up 5.85%.
"Positive rate of inflation in November 2023 is primarily due to increasing prices of food articles, minerals, machinery and equipment, computer, electronics and optical products, motor vehicles, other transport equipment and other manufacturing etc.," the ministry said.
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