Wholesale inflation rises in November

New Delhi, Dec 14 (UNI) The wholesale inflation rate has been recorded at 1.55 per cent in November 2020 due to tightening inward in the market and increasing demand, compared to 0.58 per cent in the same month of the previous year.

Data released by the Union Ministry of Commerce and Industry here on Monday showed the wholesale inflation rate in October 2020 was 1.48 per cent. Due to the Covid-19 pandemic in the current financial year, the retail market demand remained sluggish and the wholesale inflation rate in the period from April to November 2020 has been negative at 0.28 per cent. However, this figure was 1.40 per cent in the same period of the previous financial year.

According to the data, the wholesale inflation rate of food items rose to 4.27 per cent in November 2020. It was 5.78 per cent in October 2020.

During the month under review, the rate of wholesale inflation of primary articles was 2.72 per cent and the rate of manufactured products was 2.97 per cent. In this month, the rate of fuel and electricity has been negative at 9.87 per cent.


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