India’s wholesale inflation jumped to 0.26 percent in November after breaking out of negative territory for the first time since March 2023, according to data issued by the Commerce Ministry on December 14.
In October 2023, the Wholesale Price Index (WPI) showed a rate of -0.52%, while in November 2022, it was 6.12%. At 0.26 percent in November, the wholesale inflation rate reached its highest level in eight months.
The price increases of food items, minerals, machinery and equipment, computers, electronics and optical products, motor vehicles, other equipment, and other manufacturing caused inflation to increase by 0.26 percent in November compared to the same month last year.