India Inflation Down to 7.24 Percent in November


The annual rate of inflation, based on monthly WPI, stood at 7.24 percent (Provisional) for the month of November, 2012 (over November, 2011) as compared to 7.45 percent (Provisional) for the previous month and 9.46 percent during the corresponding month of the previous year. Build up inflation in the financial year so far was 4.84 percent compared to a build up of 5.28 percent in the corresponding period of the previous year.

The official Wholesale Price Index for All Commodities(Base: 2004-05 = 100) for the month November, 2012 rose by 0.1 percent to 168.8 (Provisional) from 168.7 (Provisional) for the previous month.

The index for Food Articles group rose by 0.3 percent to 213.2 (Provisional) from 212.5 (Provisional) for the previous month due to higher prices of ragi (10 percent), bajra (5 percent), barley (3 percent), wheat and fish-marine (2 percent each) and fish-inland, mutton, gram, maize and fruits & vegetables (1 percent each). However, the prices of poultry chicken (8 percent), coffee and jowar (4 percenteach), urad (3 percent), tea (2 percent)and arhar (1 percent) declined.  
 
The index for Fuel and power declined by 0.6 percent to 188.8 (Provisional) from 189.9 (Provisional) for the previous month due to lower prices of bitumen and furnace oil (4 percent each), naphtha (3 percent), light diesel oil (2 percent) and petrol and aviation turbine fuel (1 percent each). However, the prices of lpg (2 percent) moved up.
 
The index for Textilesgroup rose by 0.2 percent to 131.8 (Provisional) from 131.6 (Provisional) for the previous month due to higher prices of woollen textiles (3 percent), jute sacking cloth (2 percent) and tyre cord fabric, jute sacking bag, man made fabricand jute yarn (1 percent each). 

Ministry of Commerce & Industry | Andre Crujo | andre@tradingeconomics.com
12/14/2012 9:56:29 AM