Cheaper food drives WPI inflation to 3-month low

NEW DELHI: Wholesale price based inflation declined to a 3-month low of 1.89% in November on cheaper food items, and experts predicted a 0.25% interest rate cut by the RBI in the policy review in February.

- Press Trust of India

The Wholesale Price Index (WPI) based inflation was 2.36% in October 2024. It was 0.39% in November, last year. In August, 2024, it was 1.25%.

As per the data, inflation in food items eased to 8.63% in November, as against 13.54% in October. The decline was led by a dip in vegetable inflation which stood at 28.57%, as against 63.04% in October.

Inflation in potato, however, continued to be high at 82.79%, while in onion it fell sharply to 2.85% in November.

The fuel and power category witnessed a deflation of 5.83% in November, against a deflation of 5.79% in October. In manufactured items, inflation was 2% in November, against 1.50% in October.