Monday, January 25, 2021

Inflationary woes: India’s WPI rises to 1.55% in Nov

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78% Indian consumers cut spending amid Covid-19: ReportNew Delhi, Dec 14 (IANS) India’s annual rate of inflation based on wholesale prices jumped to 1.55 per cent in November from a rise of 1.48 per cent in October .

“The rate of inflation, based on monthly WPI, stood at (1.55 per cent) (provisional) for the month of November, 2020 (over November, 2019) as compared to 0.58 per cent during the corresponding month of the previous year,” a Ministry of Commerce and Industry statement on WPI said.

READ ALSO:  Milk prices are now all set to rise by up to Rs 3/ltr

On a sub-segment basis, prices of manufactured items remained at elevated levels with a rise of 2.97 per cent from 2.12 per cent reported for September and (-) 0.84 per cent recorded during October 2019.

The expenses on primary articles, which constitute 22.62 per cent of the WPI’s total weightage, increased to 2.72 per cent.

READ ALSO:  Industry asks Modi govt to consider import subsidies

Source: IANS

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