India WPI Drops for 13th Straight Month in November


Indian wholesale prices fell by 1.99 percent year-on-year in November of 2015, slowing from a 3.81 percent drop in October, as prices of food rose higher than in the previous month while cost of petrol and manufactured declined at a slower pace. 

Year-on-year, petrol prices dropped by 9.30 percent, following a 13.16 percent fall in the previous month and cost of diesel decreased by 16.83 percent, following a 26.21 percent decline in October.

Food prices increased by 5.20 percent, following a 2.44 percent rise in a month earlier. Among food prices, pulses recorded the highest increase (+58.17 percent), followed by onion (+52.69 percent); vegetables (+14.08 percent), oil seeds (+6.92 percent); wheat (+4.53 percent), milk (+1.58 percent), cereals (+0.47 percent) and fibres (+0.15 percent). In contrast, potatoes dropped the most (-53.72 percent), followed by rice (_3.22 percent), fruits (-2.35 percent) and egg, meat & fish (-2.24 percent).

In November, cost of manufactured products declined by 1.42 percent, as compared to a 1.67 percent fall in the previous month.

The wholesale inflation has been in negative territory since November of 2014.

On a monthly basis, wholesale prices increased by 0.5 percent, following a 0.1 percent rise in October.

India WPI Drops for 13th Straight Month in November


Office of the Economic Adviser l Rida Husna | rida@tradingeconomics.com
12/14/2015 6:58:10 AM