India’s WPI inflation spikes to 14.23% in November: Govt information

India WPI November 2021: The wholesale inflation throughout the nation rose to 14.23 per cent in November, information launched by the Ministry of Commerce & Industry confirmed.
The wholesale value index (WPI) grew 12.54 per cent throughout the month of October, whereas the WPI for September was revised to 11.80 per cent from 10.66 per cent, the info confirmed. The WPI in November 2020 was at 2.29 per cent.

“The high rate of inflation in November 2021 is primarily due to rise in prices of mineral oils, basic metals, crude petroleum & natural gas, chemicals and chemical products, food products etc as compared to the corresponding month of the previous year,” the discharge mentioned.
The meals articles phase witnessed a 4.88 per cent spike in November, the info confirmed. In the month previous to that, this was (-)1.69 per cent.
Vegetable costs rose 3.91 per cent in November, in opposition to (-)18.49 per cent contraction in October, the info confirmed. Prices of potato fell (-)49.54 per cent whereas that of onions slipped (-)30.14 per cent. Apart from this, costs of pulses grew 2.9 per cent final month, whereas that of wheat rose 10.14 per cent. Eggs, meat and fish costs rose 9.66 per cent in November.
The gasoline and energy phase inched as much as 39.81 per cent in November from 37.18 per cent a month in the past. Petrol costs rose by 85.38 per cent, HSD (High-Speed Diesel) gained by 86.07 per cent and LPG costs inched up by 65.24 per cent.
The manufactured merchandise phase rose 11.92 per cent final month led by a 29.06 per cent soar in primary metals.
In separate information launched by the federal government on Monday, the retail inflation or shopper value index (CPI) rose to a three-month excessive of 4.91 per cent in November.