India Wholesale Inflation at 8-Month High of 3.93%
Wholesale prices in India rose by 3.93 percent year-on-year in November of 2017, following a 3.59 percent increase in the prior month and above market estimates of a 3.78 percent gain. It was the highest wholesale inflation since March, mainly due to a faster rise in cost of food and a further increase in cost of fuel.
In November, cost of primary articles increased at a faster 5.28 percent (from 3.33 percent in October), mainly due to a 6.06 percent rise in cost of food (from 4.03 percent in a month earlier), namely vegetables (59.80 percent, compared to 36.61 percent). Also, cost went up further for fuel and power (8.82 percent from 10.52 percent). Meantime, cost of manufactured products rose 2.61 percent, almost similar to the prior's month figure of 2.62 percent.
On a monthly basis, wholesale prices rose by 0.7 percent, after a 1.0 percent gain in a month earlier.ure of
12/14/2017 7:16:19 AM