India November Wholesale Inflation Slows to 3-Month Low

Wholesale prices in India rose by 4.64 percent year-on-year in November 2018, slowing from a 5.28 percent gain in the prior month and slightly below than market estimates of 4.7 percent. It was the lowest wholesale inflation since August, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further.

In November, cost went up at a slower rate for fuel & power (16.28 percent vs 18.44 percent in October) and manufactured products (4.21 percent vs 4.49 percent), amid lower prices of basic metals (12.44 percent vs 13.8 percent), food products (0.7 percent vs 1.01 percent), chemical & chemical products (7.47 percent vs 7.6 percent) and textiles (5.49 percent vs 5.59 percent). 

In addition, prices of primary articles rose less (0.88 percent vs 1.79 percent in a month earlier), as cost of food dropped further (-3.31 percent vs -1.49 percent), namely vegetables (-26.98 percent vs -18.65 percent) and onion (-47.6 percent vs -31.69 percent).

On a monthly basis, wholesale prices increased by 0.1 percent, following a 0.7 percent rise in October.

India November Wholesale Inflation Slows to 3-Month Low

Office of the Economic Adviser l Rida |
12/14/2018 6:51:54 AM