India’s Wholesale Price Inflation Accelerates For Second Month

India’s wholesale price inflation accelerated for the second straight month in November, data from the Ministry of Commerce & Industry showed Thursday.

Wholesale prices climbed 3.93 percent year-over-year in November, faster than the 3.59 percent increase in October. Economists had expected the inflation to rise to 4.0 percent.

Build up inflation rate in the financial year so far was 2.74 percent compared to a build up rate of 3.90 percent in the corresponding period of the previous year.

Prices of food articles grew 6.06 percent annually in November and those of primary articles rose by 5.28 percent.

On a monthly basis, wholesale prices went up 0.7 percent in November.

Data released earlier this week showed that consumer price inflation quickened to a 15-month high of 4.88 percent in November from 3.58 percent in October.
Source: RTT News

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