Wholesale price inflation saw a decline to 1.89% in November 2024, with food inflation easing significantly. The food price index dropped from 13.54% in October to 8.63% in November, mainly due to lower vegetable prices. Inflation in vegetables fell sharply from 63.04% to 28.57%, while potato prices remained high at 82.79%. Deflation was observed in fuel and power prices, while inflation in manufactured goods rose slightly to 2%.
WPI Inflation Drops to 2.36% in October 2024, Food Prices See Relief in November
Wholesale price inflation saw a decline to 1.89% in November 2024, with food inflation easing significantly. The food price index dropped from 13.54% in October to 8.63% in November, mainly due to lower vegetable prices. Inflation in vegetables fell sharply from 63.04% to 28.57%, while potato prices remained high at 82.79%. Deflation was observed in fuel and power prices, while inflation in manufactured goods rose slightly to 2%.
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