Wholesale inflation drops to 1.9% in November as food prices cool
food prices moderated, official data released Monday showed.
The Wholesale Price Index-based inflation was 2.4% in October. A year earlier, it was 0.4%.
On an average, wholesale inflation accelerated to 2.1% in fiscal 2024-25 till November, compared with a contraction of 1.3% in the corresponding period last year.
Easing of the wholesale inflation comes alongside a reduction in retail inflation, which slowed to 5.5% in November from a 14-month high of 6.2% in October. Food inflation also slowed to 9% from a 15-month high of 10.9%, according to official data released last week.
The Reserve Bank of India kept the policy rate unchanged in the December monetary policy review for the eleventh consecutive time.
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