New Delhi: Wholesale price inflation eased to 1.89 per cent in November 2024, as against 2.36 per cent in October 2024, government data showed on Monday. The WPI lowered to 1.89 per cent last month as prices of food items, especially vegetables turned cheaper, the Union Ministry of Commerce & Industry said in its release.
The Wholesale Price Index based inflation was recorded at 2.36 per cent in October 2024. It was 0.39 per cent in November 2023. As per the government data, inflation in food items decreased to 8.63 per cent in November as compared to 13.54 per cent in October. The vegetable inflation declined to 28.57 per cent last month from 63.04 per cent in October.
It may be noted that the government acknowledged that potato prices remained on the higher side. Inflation in potato was recorded at 82.79 per cent, while onion inflation dropped to 2.85 per cent in November.
The fuel and power category deflation stood at 5.83 per cent in November as against 5.79 per cent in October. In manufactured items category, inflation was 2 per cent in November, against 1.50 per cent in October.
Month Over Month (M-o-M in %) change in WPI Index
All Commodities/Major Groups
Weight
01/06/24
01/07/24
01/08/24
01/09/24
Oct-24 (P)
Nov-24 (P)
All Commodities
100
0.33
0.84
-0.58
0.19
0.9
-0.06
I. Primary Articles
22.62
2.23
2.86
-1.37
0.21
2.46
-1.2
II. Fuel & Power
13.15
-2.13
0.88
0.07
-0.74
-0.48
0.41
III. Manufactured Products
64.23
0
-0.21
-0.28
0.42
0.42
0.35
Food Index
24.38
2.36
2.52
-1.23
1.45
2.71
-0.45
All India Wholesale Price Indices and Rates of Inflation (Base Year: 2011-12=100) for November, 2024
Commodities/Major Groups/Groups/Sub-Groups/Items
Weight
Index
November-24*
Month over Month (MoM)
Cumulative Inflation (YoY)
Rate of Inflation (YoY)
Nov-23
Nov-24*
Apr-Nov 2023-24
Apr-Nov 2024-25*
Nov-23
Nov-24*
ALL COMMODITIES
100.00
156.0
0.39
-0.06
-1.29
2.11
0.39
1.89
I. PRIMARY ARTICLES
22.62
197.9
1.24
-1.20
2.95
5.90
5.16
5.49
A. Food Articles
15.26
214.0
2.60
-1.83
6.13
8.56
8.84
8.63
Cereals
2.82
211.2
1.24
1.15
7.42
8.59
7.22
7.81
Paddy
1.43
205.9
0.63
0.73
8.68
9.93
10.44
7.58
Wheat
1.03
214.1
1.86
2.15
5.82
7.10
2.70
8.35
Pulses
0.64
230.8
1.49
-2.00
12.64
15.62
22.09
5.97
Vegetables
1.87
332.6
16.74
-7.94
4.54
21.85
11.13
28.57
Potato
0.28
384.4
0.29
2.56
-23.98
75.38
-27.36
82.79
Onion
0.16
504.5
42.84
5.50
36.77
50.78
109.44
2.85
Fruits
1.60
203.7
1.40
-3.18
-1.36
10.00
8.42
8.41
Milk
4.44
185.3
0.72
-0.16
8.38
3.59
8.49
2.09
Eggs, Meat & Fish
2.40
173.1
-2.39
1.23
1.78
-0.29
0.60
3.16
B. Non-Food Articles
4.12
162.2
-0.18
0.56
-5.66
-2.19
-2.96
-0.98
Oil Seeds
1.12
185.9
1.76
0.22
-10.42
-2.76
-7.36
0.49
C. Minerals
0.83
228.5
-1.78
2.10
8.01
5.01
8.72
5.89
D. Crude Petroleum & Natural gas
2.41
146.1
-4.79
-0.41
-5.90
-0.01
-7.13
-8.11
Crude Petroleum
1.95
124.3
-6.52
-0.88
-14.07
-0.52
-9.84
-7.72
II. FUEL & POWER
13.15
147.1
0.45
0.41
-6.22
-1.75
-4.05
-5.83
LPG
0.64
123.6
3.94
3.17
-15.33
3.47
5.57
1.81
Petrol
1.60
148.7
-1.36
-0.80
-4.77
-3.49
0.69
-6.83
HSD
3.10
164.4
-0.46
0.12
-12.39
-3.35
-13.07
-5.68
III. MANUFACTURED PRODUCTS
64.23
143.0
-0.14
0.35
-2.02
1.19
-0.78
2.00
Mf/o Food Products
9.12
177.3
0.75
2.31
-3.91
5.19
-1.58
9.44
Vegetable & Animal Oils & Fats
2.64
182.0
0.57
7.12
-23.26
7.40
-18.60
27.99
Mf/o Beverages
0.91
134.9
0.00
0.30
2.10
2.06
2.01
2.43
Mf/o Tobacco Products
0.51
177.4
0.52
0.74
5.18
1.94
6.77
1.37
Mf/o Textiles
4.88
135.9
-0.37
0.00
-7.26
0.83
-3.59
1.27
Mf/o Wearing Apparel
0.81
153.8
-0.39
-0.06
1.54
1.64
0.93
1.59
Mf/o Leather and Related Products
0.54
125.7
0.00
0.40
1.56
0.27
1.31
1.37
Mf/o Wood and of Products of Wood and Cork
0.77
148.4
0.41
-0.34
1.61
2.45
3.29
0.47
Mf/o Paper and Paper Products
1.11
139.0
-0.07
-0.64
-8.28
-1.70
-8.28
0.43
Mf/o Chemicals and Chemical Products
6.47
136.1
-0.44
-0.15
-6.18
-0.93
-6.34
0.07
Mf/o Pharmaceuticals, Medicinal Chemical and Botanical Products
1.99
144.1
-0.35
0.42
1.66
1.05
0.64
1.19
Mf/o Rubber and Plastics Products
2.30
128.6
-0.31
-0.46
-2.22
1.05
-1.01
1.42
Mf/o other Non-Metallic Mineral Products
3.20
130.6
-0.74
0.38
1.38
-3.03
0.22
-2.97
Cement, Lime and Plaster
1.64
128.6
-0.94
0.23
0.72
-5.68
0.15
-6.47
Mf/o Basic Metals
9.65
138.6
-1.41
-0.29
-5.54
-1.11
-2.09
-1.14
Mild Steel – Semi Finished Steel
1.27
117.7
-1.42
2.53
-5.48
-2.90
-3.98
-0.51
Mf/o Fabricated Metal Products, except Machinery and Equipment
3.15
135.3
0.29
0.00
-0.01
-2.25
1.09
-2.87
The data has been taken from PIB.
Wholesale price inflation eased to 1.89 per cent in November 2024. The WPI figures showed that potato prices remained on the higher side while onion prices came down. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
