India’s wholesale prices decreased at a slower-than-expected pace in November, preliminary figures from the Ministry of Commerce and Industry showed Monday.
The wholesale price index fell 1.99 percent year-over-year in November, slower than the 3.81 percent decline in the previous month. Economists had expected a 2.47 percent drop for the month.
Build up inflation rate in the financial year so far was 0.85 percent compared to a build up rate of 0.50 percent in the corresponding period of the previous year.
Prices of primary articles grew 2.27 percent annually in November, in contrast to a 0.36 percent fall in October.
At the same time, the wholesale price inflation for food articles quickened to 5.20 percent in November from 2.44 percent in the prior month.
On a monthly basis, wholesale prices climbed 0.5 percent in November.
The material has been provided by InstaForex Company – www.instaforex.com