India’s WPI Inflation Sees Slight Uptick at 0.26% in November
India's WPI Inflation Sees Slight Uptick at 0.26% in November
India's Wholesale Price Index (WPI) inflation, a key indicator of price pressures in the manufacturing sector, rose slightly to 0.26% in November 2023, compared to the previous month's contraction of 0.52%. This uptick, though small, comes after a seven-month period of decline and raises questions about the trajectory of inflation in the coming months.
Key Headlines:
Food prices: The increase in WPI inflation was primarily driven by higher prices for food items, particularly vegetables and fruits. This could be attributed to seasonal factors and supply chain disruptions.
Fuel and power: Prices of fuel and power remained relatively stable in November, contributing to the overall moderation in inflation.
Manufacture...