The government released the WPI data for November on 16th December, showing wholesale inflation at 1.89%, compared to 2.36% in October and 1.84% in September.

The government attributed the positive inflation rate in November to an increase in prices of food articles, food products, other manufacturing, textiles, machinery & equipment, etc.

The Wholesale Price Index (WPI) measures the change in prices of goods traded in bulk by wholesale businesses, focusing on factory gate prices rather than retail prices, unlike the CPI, which tracks prices paid by consumers for goods and services.

In November 2024, prices increased for minerals (2.10%), non-food articles (0.56%), and mineral oils (0.72%) compared to October 2024, while prices declined for food articles (-1.83%), crude petroleum & natural gas (-0.41%), and electricity generation (-0.07%).

Among the 22 National Industrial Classification (NIC) two-digit groups for manufactured products, 10 groups saw price increases, 10 groups saw price decreases, and two groups showed no change.

Food products, furniture, other non-metallic mineral products, pharmaceuticals, electrical equipment, and similar items witnessed month-over-month price increases, whereas basic metals, rubber and plastics products, chemicals, electronic products, and motor vehicles reported price declines.

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