The annual rate of inflation, based on monthly WPI stood at 0.58% (provisional) for November 2019 (over November 2018) as compared to 0.16% (provisional) for the previous month and 4.47% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 2.00% compared to a build-up rate of 4.56% in the corresponding period of the previous year.
The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 7.65% in October 2019 to 9.02% in November 2019.
The Primary Articles index for this major group rose by 0.9% to 147.3 (provisional) from 146.0 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:- The index for 'Food Articles' group rose by 1.4% to 162.4 (provisional) from 160.2 (provisional) for the previous month due to higher price of urad (19%), fish-marine (6%), moong (5%), rajma (4%), jowar, egg, condiments & spices, fruits & vegetables and masur (3% each), wheat, arhar, poultry chicken and bajra (2% each) and gram, fish-inland and pork (1% each). However, the price of maize (6%), tea (4%), ragi (3%) and beef and buffalo meat and betel leaves (1% each) declined.
The rate of inflation based on WPI Food Index consisting of ‘Food Articles’ from Primary Articles group and ‘Food Product’ from Manufactured Products group increased from 7.65% in October 2019 to 9.02% in November 2019.
The Primary Articles index for this major group rose by 0.9% to 147.3 (provisional) from 146.0 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:- The index for 'Food Articles' group rose by 1.4% to 162.4 (provisional) from 160.2 (provisional) for the previous month due to higher price of urad (19%), fish-marine (6%), moong (5%), rajma (4%), jowar, egg, condiments & spices, fruits & vegetables and masur (3% each), wheat, arhar, poultry chicken and bajra (2% each) and gram, fish-inland and pork (1% each). However, the price of maize (6%), tea (4%), ragi (3%) and beef and buffalo meat and betel leaves (1% each) declined.
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