WPI inflation spikes to 8-month high of 0.26 pc in Nov on costlier veggies, onion

Wholesale price-based inflation rose to an eight-month high of 0.26 per cent in November, driven by a sharp jump in food prices, especially onion and vegetables.

The WPI inflation was in the negative or deflationary zone for the past seven months since April and was at (-)0.52 per cent in October.

The last positive WPI inflation was recorded in March at 1.41 per cent.

“Positive rate of inflation in November 2023 is primarily due to increase in prices of food articles, minerals, machinery & equipment, computer, electronics & optical products, motor vehicles, other transport equipment and other manufacturing etc,” the Commerce and Industry Ministry said in a statement.

Food inflation spiked to 8.18 per cent in November, from 2.53 per cent in October.

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