
Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
The HinduIndia’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month increase in prices are food products, furniture, non-metallic mineral products, pharmaceuticals, medicinal chemical and botanical products and electrical equipment, the Commerce and Industry Ministry said. The Ministry attributed November’s wholesale price inflation pace to the increase in prices of food articles, food products, other manufacturing, textiles, machinery and equipment. Food products’ inflation hardened to 9.5% in November from 7.8% in the previous month, while edible oils and fats’ prices surged 28% from 20.2% in October.
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