India's Wholesale Prices Unchanged in November


Indian wholesale price inflation was recorded at 0 percent in November, down from 1.77 percent in October. It is the lowest rate in nearly 5-1/2 years, mainly due to a fall in fuel prices and lower food cost.

Year-on-year, petrol prices fell 9.96 percent and cost of diesel decreased 2.97 percent.

Food prices rose 0.63 percent, slowing from a 2.7 percent increase in October. Among food prices, the biggest decreases were recorded for onion (-56.28 percent), vegetables (-28.57 percent) and fibres (-17.15 percent). In contrast, the cost of follwoing items increased: potatoes (34.1 percent); fruits (14.78 percent);  milk (10 percent); egg, meat and fish (4.36 percent). 

In November, cost of manufactured products increased by 2.04 percent from 2.45 percent in the previous month.

On a monthly basis, wholesale prices declined 1.31 percent, following a 0.6 percent fall in October.

India


Office of Economic Adviser | Joana Taborda | joana.taborda@tradingeconomics.com
12/15/2014 3:02:11 PM