Business

WPI inflation rises to (-)1.99% in Nov on costlier food articles

New Delhi: Dec 14; Deflationary trend eased in November with WPI inflation moving up to (-)1.99 per cent as food articles, led by pulses and onion, turned costlier.

This is the 13th month in a row when the wholesale inflation remained in the negative territory. It has been in the negative zone since November last year. 

The Wholesale Price Index-based inflation has been rising for three months in a row and was (-)3.81 per cent in October.

In November last year, it was (-)0.17 per cent, as per official data released today.

The government also revised the wholesale inflation data for September to -4.59% from -4.54% reported earlier.

The Reserve Bank mostly tracks the Consumer Price Index (CPI)-based retail inflation for its monetary policy decisions.

Inflation for November 2014 stood at 7.9 percent.

The statement said the build-up inflation rate in the financial year so far was 0.85% compared to a build-up rate of 0.50% in the corresponding period of the previous year.

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