WHOLESALE PRICE INDEX (WPI)

Dec. 15, 2021

Wholesale inflation, based on the Wholesale Price Index, jumped to 14.23 per cent in November from 12.54 per cent in October (on a year-on-year basis), data released by the Ministry of Commerce & Industry showed.

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It was primarily due to rise in food prices especially of vegetables, and minerals and petroleum products
This is the highest level of wholesale inflation in the 2011-12 series and eighth consecutive month in which it has stayed at double-digit level.
This comes after the retail inflation print for November, had shown a spike to a three-month high of 4.91 per cent despite a cut in excise duty on fuels. The wide gap between WPI and CPI inflation reflects the price pressures on the inputs side, which are expected to pass through to the retail level in the coming months.

Source : Indian Express