New Delhi, December 14 (IANS):Lower food and fuel prices eased India's annual rate of inflation based onwholesale prices to 4.64 per cent in November from 5.28 per cent in October,official data showed here on Friday.
However, on a year-on-year(YoY) basis, the Wholesale Price Index (WPI) data furnished by the Ministry ofCommerce and Industry was higher than the rise of 4.02 per cent reported forthe corresponding period of 2017.
"The annual rate ofinflation, based on monthly WPI, stood at 4.64 per cent (provisional) for themonth of November, 2018 (over November, 2017) as compared to 5.28 per cent(provisional) for the previous month and 4.02 per cent during the correspondingmonth of the previous year," the ministry said in its review of"Index Numbers of Wholesale Price in India" for November.
"Build up inflation ratein the financial year so far was 4.73 per cent compared to a build up rate of2.83 per cent in the corresponding period of the previous year."
On a sequential basis, theexpenses on primary articles, which constitute 22.62 per cent of the WPI'stotal weightage eased to 0.88 per cent, from a rise of 1.79 per cent inOctober.
Similarly, the prices of foodarticles declined. The category has a weightage of 15.26 per cent in the WPIindex. It deflated by (-) 3.31 per cent from a rise of (-) 1.49 per cent.
In addition, the cost of fueland power segment, which commands a 13.15 per cent weightage, increased at aslower pace of 16.28 per cent from a growth of 18.44 per cent.
The expenses on manufacturedproducts registered a rise of 4.21 per cent from 4.49 per cent.
On a YoY basis, onion pricesdeflated by (-) 47.60 per cent, whereas potatoes became dearer by 86.45 percent.
In contrast, the overallvegetable prices in the month under review declined by (-) 26.98 per cent, againsta rise of 59.87 per cent in the same month a year ago.
Among the non-food items, theprice of high-speed diesel rose by 20.16 per cent on a YoY basis, petrol by12.06 per cent and LPG by 23.22 per cent.
