News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 6 years ago
Rediff.com  » Business » WPI inflation jumps to 3.93% on high onion, vegetable prices

WPI inflation jumps to 3.93% on high onion, vegetable prices

Source: PTI
December 14, 2017 15:37 IST
Get Rediff News in your Inbox:

Retail inflation, based on Consumer Price Index, hit a 15-month high of 4.88 per cent in November

Inflation based on wholesale price index (WPI) accelerated further to 3.93 per cent in

November due to a sharp rise in onion prices and costlier seasonal vegetables, government data showed on Thursday.

 

It was 3.59 per cent in October this year, and 1.82 per cent in November last year.

Onion, a kitchen staple, witnessed a whopping 178.19 per cent rise in inflation last month on annual basis.

For seasonal vegetables too the rate of price rise accelerated to 59.80 per cent, as against 36.61 per cent in October.

Protein rich eggs, meat and fish as a category, however, grew at a slower pace of 4.73 per cent during the month, against 5.76 in preceding month.

WPI inflation of food articles increased to 6.06 per cent last month, as against 4.30 per cent in October, as per the data released by the commerce ministry.

For manufactured goods, it was at 2.61 per cent during the month, almost static against 2.62 in the preceding month.

Retail inflation, based on Consumer Price Index, hit a 15-month high of 4.88 per cent in November, as per the data released last week.

Photograph: Ajay Verma/Reuters

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!